Analysts Set $44.00 Price Target for Materion Corp (MTRN)

Materion Corp (NYSE:MTRN) has been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus price objective of $44.00 for the company and are expecting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also given Materion an industry rank of 98 out of 265 based on the ratings given to related companies.

A number of analysts recently commented on the company. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research report on Monday, November 13th. ValuEngine lowered Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research report on Wednesday, December 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of Materion in a research report on Thursday, October 12th.

In other news, VP Gregory R. Chemnitz sold 4,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 13,245 shares of the company’s stock, valued at $664,369.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were 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 directly owns 13,061 shares of the company’s stock, valued at $647,825.60. The disclosure for this sale can be found here. Insiders have sold a total of 48,470 shares of company stock valued at $2,420,896 over the last three months. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MTRN. SG Americas Securities LLC bought a new position in shares of Materion in the third quarter valued at approximately $128,000. Victory Capital Management Inc. lifted its stake in Materion by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 669 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Materion by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 34 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Materion in the third quarter valued at approximately $205,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Materion in the third quarter valued at approximately $266,000. 89.99% of the stock is owned by institutional investors.

Shares of Materion (MTRN) remained flat at $$51.05 during trading hours on Tuesday. 116,407 shares of the stock traded hands, compared to its average volume of 122,603. The company has a market capitalization of $1,020.00, a price-to-earnings ratio of 39.27 and a beta of 1.09. 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 1-year low of $31.05 and a 1-year high of $52.10.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $290.96 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. equities analysts predict that Materion will post 1.6 EPS for the current fiscal year.

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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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