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.
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.
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.
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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