Materion (MTRN) Receives Daily Media Sentiment Score of 0.17

Media stories about Materion (NYSE:MTRN) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Materion earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.6220191317321 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Materion (NYSE:MTRN) opened at $50.85 on Thursday. The company has a market cap of $1,020.00, a PE ratio of 39.12 and a beta of 1.09. 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 has a 52-week low of $31.05 and a 52-week high of $52.10.

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

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Wednesday, December 27th. Jefferies Group restated a “hold” rating and set a $46.00 price target on shares of Materion in a report on Tuesday. KeyCorp restated a “hold” rating on shares of Materion in a report on Monday, November 13th. BidaskClub lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, ValuEngine lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Materion has a consensus rating of “Buy” and a consensus target price of $51.00.

In related news, Director Richard J. Hipple sold 4,364 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $49.64, for a total value of $216,628.96. Following the completion of the transaction, the director now owns 37,760 shares of the company’s stock, valued at $1,874,406.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was 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 of the company’s stock, valued at approximately $647,825.60. The disclosure for this sale can be found here. Insiders sold 48,470 shares of company stock valued at $2,420,896 in the last three months. Company insiders own 2.90% of the company’s stock.

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About Materion

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.

Insider Buying and Selling by Quarter for Materion (NYSE:MTRN)

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