Materion Corp. (NYSE:MTRN) Given Average Rating of “Hold” by Brokerages
Shares of Materion Corp. (NYSE:MTRN) have been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokers have set a 1 year consensus price objective of $29.00 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Materion Corp. an industry rank of 44 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on MTRN. Zacks Investment Research cut Materion Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. TheStreet upgraded Materion Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 18th.
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Shares of Materion Corp. (NYSE:MTRN) traded up 1.21% during mid-day trading on Wednesday, reaching $30.96. The company’s stock had a trading volume of 29,203 shares. The company has a 50-day moving average price of $28.77 and a 200 day moving average price of $26.57. The company has a market cap of $618.18 million, a PE ratio of 24.97 and a beta of 1.49. Materion Corp. has a 52-week low of $20.62 and a 52-week high of $35.21.
Materion Corp. (NYSE:MTRN) last issued its earnings results on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $249.80 million for the quarter, compared to the consensus estimate of $235.29 million. Materion Corp. had a return on equity of 5.55% and a net margin of 2.60%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. Equities analysts expect that Materion Corp. will post $1.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, August 17th. Materion Corp.’s dividend payout ratio (DPR) is 31.40%.
Several institutional investors have recently made changes to their positions in MTRN. Vanguard Group Inc. boosted its position in shares of Materion Corp. by 4.2% in the second quarter. Vanguard Group Inc. now owns 1,667,333 shares of the company’s stock worth $41,284,000 after buying an additional 67,394 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Materion Corp. by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,530,370 shares of the company’s stock worth $37,891,000 after buying an additional 132,892 shares during the period. BlackRock Fund Advisors boosted its position in shares of Materion Corp. by 4.0% in the second quarter. BlackRock Fund Advisors now owns 1,309,369 shares of the company’s stock worth $32,420,000 after buying an additional 50,518 shares during the period. State Street Corp boosted its position in shares of Materion Corp. by 28.1% in the second quarter. State Street Corp now owns 1,147,240 shares of the company’s stock worth $28,403,000 after buying an additional 251,833 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Materion Corp. by 4.5% in the second quarter. Gamco Investors INC. ET AL now owns 813,900 shares of the company’s stock worth $20,152,000 after buying an additional 35,200 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.
About Materion Corp.
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace.
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