Materion Corp (NYSE:MTRN) Expected to Earn FY2019 Earnings of $2.25 Per Share

Materion Corp (NYSE:MTRN) – Analysts at Jefferies Group issued their FY2019 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 per share of $2.25 for the year. Jefferies Group currently has a “Hold” rating and a $46.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. KeyCorp reiterated a “hold” rating on shares of Materion in a research note on Monday, November 13th. Finally, Zacks Investment Research cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Materion has an average rating of “Hold” and an average price target of $51.00.

Materion (MTRN) traded down $1.00 during trading hours on Wednesday, reaching $48.45. 167,037 shares of the company’s stock were exchanged, compared to its average volume of 108,330. 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 fifty-two week low of $31.05 and a fifty-two week high of $53.92. The company has a market cap of $971.08, a P/E ratio of 37.27 and a beta of 1.06.

In related news, Director Richard J. Hipple sold 4,364 shares of Materion stock in a transaction 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 transaction, the director now owns 37,760 shares in the company, valued at approximately $1,874,406.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard J. Hipple sold 8,000 shares of Materion stock in a transaction 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 transaction, the director now owns 57,091 shares in the company, valued at approximately $2,854,550. The disclosure for this sale can be found here. Insiders have sold a total of 35,344 shares of company stock worth $1,778,282 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTRN. Schwab Charles Investment Management Inc. lifted its stake in shares of Materion by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 183,902 shares of the basic materials company’s stock valued at $6,878,000 after buying an additional 5,297 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Materion by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 37,392 shares of the basic materials company’s stock valued at $1,399,000 after buying an additional 3,128 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Materion by 37.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,657 shares of the basic materials company’s stock valued at $286,000 after buying an additional 2,095 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Materion by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock valued at $167,000 after buying an additional 669 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Materion by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 86,859 shares of the basic materials company’s stock valued at $3,248,000 after buying an additional 700 shares in the last quarter. Institutional investors own 90.86% 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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