Materion Corp (NYSE:MTRN) – Equities researchers at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for Materion in a research note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst M. Englert anticipates that the basic materials company will post earnings of $2.25 per share for the year. Jefferies Group has a “Hold” rating and a $46.00 price objective on the stock.
Several other brokerages have also recently weighed in on MTRN. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research cut Materion from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Materion in a research note 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. Materion currently has a consensus rating of “Hold” and an average target price of $51.00.
Shares of Materion (NYSE:MTRN) traded up $0.90 during midday trading on Wednesday, reaching $53.70. The company’s stock had a trading volume of 185,601 shares, compared to its average volume of 145,331. The company has a quick ratio of 1.48, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. Materion has a 52 week low of $31.05 and a 52 week high of $53.92. The company has a market capitalization of $1,080.00, a PE ratio of 41.31 and a beta of 1.09.
Materion (NYSE:MTRN) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Materion had a return on equity of 6.08% and a net margin of 2.48%. The company had revenue of $294.27 million for the quarter, compared to analysts’ expectations of $290.96 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Materion by 1.4% during the second quarter. Vanguard Group Inc. now owns 1,905,636 shares of the basic materials company’s stock worth $71,271,000 after buying an additional 25,885 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Materion by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,684,188 shares of the basic materials company’s stock valued at $72,672,000 after purchasing an additional 8,344 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Materion by 3.9% during the 2nd quarter. Northern Trust Corp now owns 926,420 shares of the basic materials company’s stock valued at $34,648,000 after purchasing an additional 34,481 shares during the last quarter. State Street Corp lifted its holdings in shares of Materion by 4.2% during the 2nd quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock valued at $25,167,000 after purchasing an additional 26,973 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Materion by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 672,553 shares of the basic materials company’s stock valued at $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 related news, Director Craig S. Shular sold 5,267 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard J. Hipple sold 4,364 shares of the company’s 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 sale, the director now owns 37,760 shares of the company’s stock, valued at approximately $1,874,406.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,737 shares of company stock worth $2,698,625. Insiders own 2.90% of the company’s stock.
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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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