Several other equities research analysts have also recently issued reports on the company. BidaskClub raised Materion Corporation from a hold rating to a buy rating in a report on Tuesday, October 31st. Jefferies Group LLC reaffirmed a hold rating and issued a $36.00 target price on shares of Materion Corporation in a report on Thursday, October 12th. Finally, Zacks Investment Research cut Materion Corporation from a buy rating to a hold rating in a report on Wednesday, October 11th.
Shares of Materion Corporation (NYSE:MTRN) opened at $49.45 on Monday. The company has a current ratio of 3.42, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1,012.20, a PE ratio of 33.89 and a beta of 1.11. Materion Corporation has a twelve month low of $31.05 and a twelve month high of $52.10.
Materion Corporation (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 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 Corporation had a return on equity of 6.08% and a net margin of 2.48%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. equities research analysts predict that Materion Corporation will post 1.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. Materion Corporation’s dividend payout ratio (DPR) is 30.77%.
In related news, VP Gregory R. Chemnitz sold 3,000 shares of Materion Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.60, for a total value of $148,800.00. Following the completion of the transaction, the vice president now owns 13,061 shares in the company, valued at $647,825.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Gregory R. Chemnitz sold 4,000 shares of Materion Corporation stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $50.16, for a total value of $200,640.00. Following the completion of the transaction, the vice president now owns 13,245 shares of the company’s stock, valued at approximately $664,369.20. The disclosure for this sale can be found here. Insiders sold 26,393 shares of company stock worth $1,320,343 over the last ninety days. Insiders own 2.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. purchased a new position in Materion Corporation in the second quarter worth about $280,000. Virginia Retirement Systems ET AL grew its position in Materion Corporation by 156.3% in the second quarter. Virginia Retirement Systems ET AL now owns 32,800 shares of the basic materials company’s stock worth $1,227,000 after acquiring an additional 20,000 shares in the last quarter. Prudential Financial Inc. grew its position in Materion Corporation by 0.6% in the first quarter. Prudential Financial Inc. now owns 34,431 shares of the basic materials company’s stock worth $1,155,000 after acquiring an additional 200 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Materion Corporation in the first quarter worth about $359,000. Finally, Teachers Advisors LLC grew its position in Materion Corporation by 3.3% in the first quarter. Teachers Advisors LLC now owns 39,595 shares of the basic materials company’s stock worth $1,328,000 after acquiring an additional 1,280 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.
About Materion Corporation
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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