Materion Corporation (MTRN) Given Hold Rating at KeyCorp

KeyCorp reiterated their hold rating on shares of Materion Corporation (NYSE:MTRN) in a research report report published on Monday.

Several other equities research analysts have also recently issued reports on MTRN. BidaskClub upgraded Materion Corporation from a buy rating to a strong-buy rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Materion Corporation from a hold rating to a buy rating and set a $43.00 price objective on the stock in a report on Wednesday, September 27th. Finally, Jefferies Group LLC restated a hold rating and set a $36.00 price objective on shares of Materion Corporation in a report on Thursday, October 12th.

Shares of Materion Corporation (NYSE:MTRN) traded down $1.05 during trading hours on Monday, reaching $50.50. The company’s stock had a trading volume of 84,900 shares, compared to its average volume of 91,384. The firm has a market cap of $1,033.24, a PE ratio of 34.60 and a beta of 1.11. The company has a current ratio of 3.42, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. Materion Corporation has a 52-week low of $31.05 and a 52-week high of $52.10.

Materion Corporation (NYSE:MTRN) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $294.27 million for the quarter, compared to analysts’ expectations of $290.96 million. Materion Corporation had a return on equity of 6.08% and a net margin of 2.48%. Materion Corporation’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. equities analysts anticipate that Materion Corporation will post 1.6 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 8th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 7th. Materion Corporation’s payout ratio is currently 30.77%.

In related news, VP Gregory R. Chemnitz sold 4,000 shares of Materion Corporation stock in a transaction 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 transaction, the vice president now owns 13,245 shares in the company, valued at $664,369.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of Materion Corporation stock in a transaction 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 owns 13,061 shares in the company, valued at approximately $647,825.60. The disclosure for this sale can be found here. Insiders sold 26,393 shares of company stock worth $1,320,343 in the last quarter. 2.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Materion Corporation by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,684,188 shares of the basic materials company’s stock valued at $72,672,000 after purchasing an additional 8,344 shares during the period. Schwab Charles Investment Management Inc. raised its position in Materion Corporation by 3.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 190,108 shares of the basic materials company’s stock valued at $8,204,000 after purchasing an additional 6,206 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Materion Corporation in the third quarter valued at about $397,000. Wells Fargo & Company MN raised its position in Materion Corporation by 6.9% in the third quarter. Wells Fargo & Company MN now owns 92,855 shares of the basic materials company’s stock valued at $4,007,000 after purchasing an additional 5,996 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Materion Corporation in the third quarter valued at about $441,000. 88.89% of the stock is currently owned by institutional investors.

Materion Corporation 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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