Materion Corp (MTRN) Director Sells $277,728.91 in Stock

Materion Corp (NYSE:MTRN) Director Craig S. Shular sold 5,267 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total transaction of $277,728.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Materion Corp (MTRN) traded down $0.60 during trading hours on Thursday, hitting $52.80. 73,711 shares of the stock traded hands, compared to its average volume of 141,975. Materion Corp has a twelve month low of $31.05 and a twelve month high of $53.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. The company has a market cap of $1,060.00, a price-to-earnings ratio of 40.62 and a beta of 1.09.

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

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Materion in the 3rd quarter valued at about $128,000. Victory Capital Management Inc. raised its holdings in shares of Materion by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 669 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Materion by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 34 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Materion in the 3rd quarter valued at about $205,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Materion in the 3rd quarter valued at about $266,000. Institutional investors and hedge funds own 89.99% of the company’s stock.

Several research firms have issued reports on MTRN. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, December 27th. Jefferies Group reissued a “hold” rating and issued a $46.00 price objective on shares of Materion in a research report on Tuesday, January 9th. KeyCorp restated a “hold” rating on shares of Materion in a report on Monday, November 13th. BidaskClub lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, ValuEngine lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Materion currently has a consensus rating of “Hold” and a consensus price target of $51.00.

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About Materion

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.

Insider Buying and Selling by Quarter for Materion (NYSE:MTRN)

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