Materion (NYSE:MTRN) received a $48.00 price target from equities research analysts at Jefferies Group in a report issued on Thursday. The firm presently has a “hold” rating on the basic materials company’s stock. Jefferies Group’s price target would indicate a potential downside of 3.90% from the stock’s previous close.
MTRN has been the subject of a number of other reports. Zacks Investment Research raised Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Wednesday, December 27th. ValuEngine downgraded Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research report on Monday, November 13th. Finally, BidaskClub raised Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.00.
Shares of Materion (NYSE:MTRN) opened at $49.95 on Thursday. The company has a market capitalization of $943.04, a P/E ratio of 38.42 and a beta of 1.06. Materion has a 52 week low of $31.05 and a 52 week high of $53.92. 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 (NYSE:MTRN) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.13. The company had revenue of $308.67 million during the quarter, compared to the consensus estimate of $285.50 million. Materion had a return on equity of 6.08% and a net margin of 2.48%. Materion’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. equities research analysts predict that Materion will post 1.6 EPS for the current year.
In other Materion news, Director Richard J. Hipple sold 4,364 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total transaction of $216,628.96. Following the completion of the transaction, the director now directly owns 37,760 shares of the company’s stock, valued at $1,874,406.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Craig S. Shular sold 5,267 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total value of $277,728.91. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Materion during the third quarter valued at $128,000. Koch Industries Inc. bought a new position in Materion during the fourth quarter valued at $209,000. Capital Fund Management S.A. bought a new position in Materion during the fourth quarter valued at $219,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Materion during the third quarter valued at $205,000. Finally, PNC Financial Services Group Inc. grew its holdings in Materion by 0.7% during 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 period. 90.16% of the stock is owned by institutional investors and hedge funds.
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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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