Media stories about Materion (NYSE:MTRN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Materion earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.8364973263393 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Materion Corp Announces Quarterly Dividend of $0.10 (MTRN) (americanbankingnews.com)
- Analysts Expect Materion Corp (MTRN) Will Announce Earnings of $0.38 Per Share (americanbankingnews.com)
- Materion Corporation Announces Annual Meeting Date and Declares Dividend (finance.yahoo.com)
- Zacks: Materion Corp (MTRN) Given $45.50 Consensus Price Target by Brokerages (americanbankingnews.com)
- Materion (MTRN) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
Materion (MTRN) traded up $0.40 during mid-day trading on Friday, hitting $45.95. 137,026 shares of the stock traded hands, compared to its average volume of 111,588. The company has a market capitalization of $912.98, a P/E ratio of 35.35 and a beta of 1.06. Materion has a 12-month low of $31.05 and a 12-month high of $53.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48.
MTRN has been the subject of several analyst reports. BidaskClub downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research note on Monday, November 13th. ValuEngine downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research note on Wednesday, December 27th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $46.00 price target on shares of Materion in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $51.00.
In other news, Director Richard J. Hipple sold 9,713 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $50.02, for a total transaction of $485,844.26. Following the completion of the sale, the director now directly owns 52,591 shares in the company, valued at $2,630,601.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard J. Hipple sold 4,364 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total transaction of $216,628.96. Following the sale, the director now owns 37,760 shares of the company’s stock, valued at $1,874,406.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,344 shares of company stock valued at $1,378,282. 2.90% of the stock is currently owned by corporate insiders.
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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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