Zacks: Materion Corp (MTRN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Materion Corp (NYSE:MTRN) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Brokers have set a 12-month consensus price target of $45.50 for the company and are forecasting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also given Materion an industry rank of 217 out of 265 based on the ratings given to its competitors.

MTRN has been the subject of several research analyst reports. KeyCorp reiterated a “hold” rating on shares of Materion in a research note on Monday, November 13th. ValuEngine lowered Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Materion from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. Jefferies Group reissued a “hold” rating and set a $46.00 price target on shares of Materion in a research report on Tuesday, January 9th. Finally, BidaskClub lowered Materion from a “buy” rating to a “hold” rating in a research report on Friday, October 20th.

In other Materion news, Director Craig S. Shular sold 5,267 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $52.73, for a total value of $277,728.91. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard J. Hipple sold 4,364 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total value of $216,628.96. Following the completion of the sale, the director now directly owns 37,760 shares in the company, valued at $1,874,406.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,631 shares of company stock worth $892,438. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MTRN. SG Americas Securities LLC acquired a new stake in Materion in the third quarter worth $128,000. PNC Financial Services Group Inc. increased its position in Materion by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after buying an additional 34 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Materion in the third quarter worth $205,000. Koch Industries Inc. acquired a new stake in Materion in the fourth quarter worth $209,000. Finally, Capital Fund Management S.A. acquired a new stake in Materion in the fourth quarter worth $219,000. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

Materion (NYSE:MTRN) opened at $46.10 on Wednesday. The company has a market capitalization of $921.00, a P/E ratio of 35.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. Materion has a one year low of $31.05 and a one year high of $53.92.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 21st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, February 20th. Materion’s dividend payout ratio is currently 30.77%.

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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.

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