Shares of Materion Corp. (NYSE:MTRN) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price objective of $29.00 for the company and are expecting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Materion Corp. an industry rank of 45 out of 265 based on the ratings given to related companies.
Several research firms recently issued reports on MTRN. Zacks Investment Research raised Materion Corp. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, August 2nd. TheStreet raised Materion Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th.
Institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of Materion Corp. by 43.1% in the first quarter. Prudential Financial Inc. now owns 66,741 shares of the company’s stock worth $1,767,000 after buying an additional 20,100 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Materion Corp. by 28.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,221 shares of the company’s stock worth $476,000 after buying an additional 4,218 shares during the period. Nordea Investment Management AB acquired a new position in shares of Materion Corp. during the second quarter worth about $612,000. BlackRock Inc. boosted its position in shares of Materion Corp. by 42.8% in the first quarter. BlackRock Inc. now owns 11,627 shares of the company’s stock worth $308,000 after buying an additional 3,482 shares during the period. Finally, Nisa Investment Advisors L.L.C. boosted its position in shares of Materion Corp. by 7.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 23,000 shares of the company’s stock worth $609,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.
Shares of Materion Corp. (NYSE:MTRN) opened at 31.21 on Wednesday. Materion Corp. has a 52 week low of $20.62 and a 52 week high of $35.21. The stock has a 50 day moving average price of $29.19 and a 200 day moving average price of $26.68. The stock has a market capitalization of $623.17 million, a P/E ratio of 25.17 and a beta of 1.49.
Materion Corp. (NYSE:MTRN) last posted its earnings results on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company had revenue of $249.80 million for the quarter, compared to analysts’ expectations of $235.29 million. Materion Corp. had a return on equity of 5.55% and a net margin of 2.60%. Materion Corp.’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. On average, equities research analysts expect that Materion Corp. will post $1.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.38 annualized dividend and a yield of 1.22%. Materion Corp.’s payout ratio is 31.40%.
About Materion Corp.
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Materion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion Corp. and related companies with MarketBeat.com's FREE daily email newsletter.