Materion (MTRN) Lifted to Strong-Buy at ValuEngine

ValuEngine upgraded shares of Materion (NYSE:MTRN) from a buy rating to a strong-buy rating in a research note released on Tuesday morning.

Several other equities research analysts have also recently issued reports on MTRN. Zacks Investment Research cut shares of Materion from a strong-buy rating to a hold rating in a research report on Friday, January 12th. TheStreet cut shares of Materion from a b rating to a c+ rating in a research report on Friday, February 16th. Finally, Jefferies Group set a $48.00 price objective on shares of Materion and gave the stock a hold rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $54.00.

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NYSE:MTRN opened at $54.50 on Tuesday. The company has a current ratio of 3.23, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1,098.34, a PE ratio of 31.74 and a beta of 0.99. Materion has a twelve month low of $33.10 and a twelve month high of $55.35.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.13. The firm had revenue of $308.67 million for the quarter, compared to the consensus estimate of $285.50 million. Materion had a net margin of 1.00% and a return on equity of 6.95%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. research analysts anticipate that Materion will post 2.08 earnings per share for the current year.

In other Materion news, VP Joseph P. Kelley sold 2,419 shares of Materion stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $51.43, for a total transaction of $124,409.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph P. Keithley sold 8,000 shares of Materion stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $50.60, for a total transaction of $404,800.00. Following the sale, the director now owns 11,757 shares of the company’s stock, valued at $594,904.20. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Materion during the third quarter valued at about $128,000. Koch Industries Inc. acquired a new stake in shares of Materion during the fourth quarter valued at about $209,000. Capital Fund Management S.A. acquired a new stake in shares of Materion during the fourth quarter valued at about $219,000. Two Sigma Advisers LP acquired a new stake in shares of Materion during the fourth quarter valued at about $308,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Materion during the fourth quarter valued at about $329,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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