Materion (NYSE:MTRN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Materion from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, September 27th. KeyCorp reiterated a “hold” rating on shares of Materion in a research report on Monday, November 13th. BidaskClub downgraded shares of Materion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $36.00 price objective on shares of Materion in a research report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Materion presently has a consensus rating of “Hold” and an average price target of $39.50.

Materion (NYSE MTRN) opened at $48.95 on Friday. The stock has a market cap of $981.10, a price-to-earnings ratio of 32.85 and a beta of 1.08. Materion has a 1 year low of $31.05 and a 1 year high of $52.10. The company has a current ratio of 3.42, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $294.27 million during the quarter, compared to the consensus estimate of $290.96 million. Materion had a net margin of 2.48% and a return on equity of 6.08%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. equities analysts anticipate that Materion will post 1.6 EPS for the current fiscal year.

In other news, Director Richard J. Hipple sold 9,713 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $50.02, for a total transaction of $485,844.26. Following the completion of the sale, the director now owns 52,591 shares of the company’s stock, valued at $2,630,601.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director N Mohan Reddy sold 11,393 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $50.11, for a total transaction of $570,903.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,470 shares of company stock valued at $2,420,896. Insiders own 2.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Materion during the third quarter worth about $128,000. State of Alaska Department of Revenue increased its stake in shares of Materion by 79.5% during 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 purchasing an additional 1,749 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Materion by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 669 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Materion by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after purchasing an additional 34 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Materion during the third quarter worth about $205,000. 90.02% of the stock is owned by institutional investors and hedge funds.

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Materion Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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