Materion Corporation (NYSE:MTRN) Given Average Rating of “Hold” by Brokerages
Materion Corporation (NYSE:MTRN) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus target price of $37.50 for the company and are anticipating that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Materion Corporation an industry rank of 230 out of 265 based on the ratings given to related companies.
Several analysts have recently commented on the company. Zacks Investment Research cut Materion Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Jefferies Group LLC restated a “hold” rating and set a $34.00 target price on shares of Materion Corporation in a report on Friday, July 7th. Finally, BidaskClub upgraded Materion Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd.
In related news, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.29, for a total value of $114,870.00. Following the transaction, the vice president now owns 18,052 shares in the company, valued at $691,211.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard J. Hipple sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $34.17, for a total value of $85,425.00. Following the completion of the transaction, the insider now owns 124,591 shares in the company, valued at approximately $4,257,274.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,500 shares of company stock worth $2,694,520. 2.90% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of MTRN. SG Americas Securities LLC bought a new position in shares of Materion Corporation during the first quarter worth about $115,000. Victory Capital Management Inc. boosted its position in shares of Materion Corporation by 50.5% in the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,271 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Materion Corporation by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock worth $147,000 after buying an additional 1,749 shares during the period. Mason Street Advisors LLC boosted its position in shares of Materion Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock worth $157,000 after buying an additional 308 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Materion Corporation during the first quarter worth about $160,000. Institutional investors and hedge funds own 89.08% of the company’s stock.
Shares of Materion Corporation (NYSE MTRN) traded down 0.64% during trading on Monday, hitting $38.75. 22,047 shares of the stock traded hands. The company has a market cap of $776.47 million, a price-to-earnings ratio of 31.28 and a beta of 1.16. Materion Corporation has a 52 week low of $25.82 and a 52 week high of $41.22. The firm’s 50-day moving average price is $37.49 and its 200-day moving average price is $36.03.
Materion Corporation (NYSE:MTRN) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $254.28 million. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts anticipate that Materion Corporation will post $1.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, August 16th. Materion Corporation’s dividend payout ratio is 32.26%.
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About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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