Materion Corporation (MTRN) Earns Hold Rating from KeyCorp

KeyCorp reissued their hold rating on shares of Materion Corporation (NYSE:MTRN) in a report issued on Monday morning.

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.

COPYRIGHT VIOLATION WARNING: “Materion Corporation (MTRN) Earns Hold Rating from KeyCorp” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://stocknewstimes.com/2017/11/16/materion-corporation-mtrn-earns-hold-rating-from-keycorp.html.

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.

Receive News & Ratings for Materion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply