Materion Corp (NYSE:MTRN) – Stock analysts at Jefferies Group issued their FY2019 EPS estimates for Materion in a note issued to investors on Tuesday. Jefferies Group analyst M. Englert forecasts that the basic materials company will earn $2.25 per share for the year. Jefferies Group has a “Hold” rating and a $46.00 price objective on the stock.
Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. The business had revenue of $294.27 million for the quarter, compared to analysts’ expectations of $290.96 million. Materion had a net margin of 2.48% and a return on equity of 6.08%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share.
A number of other equities research analysts have also recently weighed in on MTRN. Zacks Investment Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of Materion from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Materion in a report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.00.
Shares of Materion (MTRN) traded down $0.25 on Wednesday, reaching $52.70. 90,404 shares of the company’s stock were exchanged, compared to its average volume of 157,089. The stock has a market capitalization of $1,060.00, a PE ratio of 40.54 and a beta of 1.09. 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 has a twelve month low of $31.05 and a twelve month high of $53.65.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Materion by 1.4% in the second quarter. Vanguard Group Inc. now owns 1,905,636 shares of the basic materials company’s stock worth $71,271,000 after purchasing an additional 25,885 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Materion by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,684,188 shares of the basic materials company’s stock worth $72,672,000 after purchasing an additional 8,344 shares during the last quarter. Northern Trust Corp boosted its holdings in Materion by 3.9% in the second quarter. Northern Trust Corp now owns 926,420 shares of the basic materials company’s stock worth $34,648,000 after purchasing an additional 34,481 shares during the last quarter. State Street Corp boosted its holdings in Materion by 4.2% in the second quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock worth $25,167,000 after purchasing an additional 26,973 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Materion by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 672,553 shares of the basic materials company’s stock worth $25,153,000 after purchasing an additional 22,566 shares during the last quarter. Institutional investors own 89.99% of the company’s stock.
In other news, Director Richard J. Hipple sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total transaction of $400,000.00. Following the sale, the director now owns 57,091 shares in the company, valued at $2,854,550. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard J. Hipple sold 4,364 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $49.64, for a total transaction of $216,628.96. Following the sale, the director now owns 37,760 shares in the company, valued at approximately $1,874,406.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,470 shares of company stock worth $2,420,896. Corporate insiders own 2.90% of the company’s stock.
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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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