Materion Corp (MTRN) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Materion Corp (NYSE:MTRN) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

MTRN has been the topic of several other reports. Zacks Investment Research upgraded shares of Materion Corp from a hold rating to a buy rating and set a $43.00 price target on the stock in a research note on Wednesday, September 27th. Jefferies Group LLC restated a hold rating and issued a $36.00 price target on shares of Materion Corp in a research note on Thursday, October 12th.

Materion Corp (MTRN) opened at $49.95 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.00 billion, a P/E ratio of 33.52 and a beta of 1.11.

Materion Corp (NYSE:MTRN) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Materion Corp had a net margin of 3.17% and a return on equity of 7.37%. The business had revenue of $294.27 million for the quarter, compared to the consensus estimate of $290.96 million. During the same period in the prior year, the company posted $0.46 earnings per share. Materion Corp’s revenue was up 17.9% compared to the same quarter last year. analysts expect that Materion Corp will post 1.6 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Materion Corp (MTRN) Upgraded by BidaskClub to “Buy”” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/11/04/materion-corp-mtrn-upgraded-by-bidaskclub-to-buy.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. Materion Corp’s payout ratio is 30.77%.

In other Materion Corp news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the sale, the vice president now directly owns 13,061 shares in the company, valued at $647,825.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director N Mohan Reddy sold 11,393 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $50.11, for a total transaction of $570,903.23. The disclosure for this sale can be found here. Insiders have sold 18,393 shares of company stock worth $920,343 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Materion Corp during the first quarter worth about $115,000. Victory Capital Management Inc. grew its stake in Materion Corp by 50.5% during the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,271 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Materion Corp 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 worth $147,000 after acquiring an additional 1,749 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Materion Corp by 1.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,096 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 96 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of Materion Corp in the first quarter worth about $215,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

About Materion Corp

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 Corp? - 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 Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit