Materion Corp (NYSE:MTRN) has earned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokers have set a 1 year consensus price target of $46.25 for the company and are expecting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Materion an industry rank of 198 out of 265 based on the ratings given to its competitors.
MTRN has been the subject of several recent research reports. BidaskClub raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reissued a “hold” rating on shares of Materion in a research report on Monday, November 13th. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, December 27th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $46.00 price objective on shares of Materion in a research note on Tuesday, January 9th.
A number of institutional investors have recently modified their holdings of MTRN. SG Americas Securities LLC bought a new stake in Materion during the third quarter worth about $128,000. PNC Financial Services Group Inc. grew its stake in shares of 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 last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Materion during the third quarter valued at approximately $205,000. Koch Industries Inc. bought a new stake in shares of Materion during the fourth quarter valued at approximately $209,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Materion during the fourth quarter valued at approximately $219,000. 93.69% of the stock is currently owned by hedge funds and other institutional investors.
Materion (NYSE MTRN) traded down $1.95 during trading hours on Wednesday, reaching $49.95. 135,700 shares of the company traded hands, compared to its average volume of 130,279. Materion has a 52-week low of $31.05 and a 52-week high of $53.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.23 and a quick ratio of 1.50. The firm has a market capitalization of $1,004.80, a price-to-earnings ratio of 29.04 and a beta of 1.06.
Materion (NYSE:MTRN) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.13. Materion had a net margin of 1.00% and a return on equity of 6.95%. The firm had revenue of $308.67 million during the quarter, compared to analyst estimates of $285.50 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. equities research analysts expect that Materion will post 1.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.80%. Materion’s dividend payout ratio is 71.43%.
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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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