Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz sold 3,000 shares of Materion Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $38.29, for a total value of $114,870.00. Following the transaction, the vice president now directly owns 18,052 shares of the company’s stock, valued at approximately $691,211.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Materion Corporation (NYSE:MTRN) opened at 37.10 on Friday. Materion Corporation has a 52 week low of $27.99 and a 52 week high of $41.23. The firm has a market cap of $743.41 million, a P/E ratio of 29.94 and a beta of 1.16. The company has a 50-day moving average of $37.91 and a 200 day moving average of $35.97.
Materion Corporation (NYSE:MTRN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $254.28 million. During the same quarter last year, the company posted $0.31 EPS. Materion Corporation’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities analysts predict that Materion Corporation will post $1.52 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz Sells 3,000 Shares” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.com-unik.info/2017/08/19/materion-corporation-nysemtrn-vp-sells-114870-00-in-stock-updated-updated.html.
Several research analysts recently weighed in on MTRN shares. Zacks Investment Research raised shares of Materion Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 target price on shares of Materion Corporation in a research note on Friday, July 7th. Finally, BidaskClub raised shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd.
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Materion Corporation during the first quarter valued at about $115,000. Victory Capital Management Inc. increased its stake in shares of Materion Corporation by 50.5% in the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,271 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Materion Corporation by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock valued at $147,000 after buying an additional 1,749 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Materion Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock valued at $157,000 after buying an additional 308 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Materion Corporation during the first quarter valued at about $160,000. 89.04% of the stock is owned by hedge funds and other 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.
What are top analysts saying about Materion Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Materion Corporation and related companies.