Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Materion Corporation (MTRN) Stock Price
Headlines about Materion Corporation (NYSE:MTRN) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog 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 Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.9622021012123 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
MTRN has been the subject of a number of recent research reports. Zacks Investment Research lowered Materion Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub lowered Materion Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, 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.
Shares of Materion Corporation (NYSE MTRN) opened at 38.05 on Thursday. The company has a market cap of $762.45 million, a price-to-earnings ratio of 30.71 and a beta of 1.16. The stock has a 50 day moving average price of $37.94 and a 200-day moving average price of $35.92. Materion Corporation has a 1-year low of $27.99 and a 1-year high of $41.22.
Materion Corporation (NYSE:MTRN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. The business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $254.28 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities research analysts forecast that Materion Corporation will post $1.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. Materion Corporation’s dividend payout ratio (DPR) is 32.26%.
In other news, insider Richard J. Hipple sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $34.68, for a total value of $173,400.00. Following the transaction, the insider now directly owns 99,591 shares in the company, valued at approximately $3,453,815.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard J. Hipple sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $34.64, for a total transaction of $86,600.00. Following the completion of the transaction, the insider now owns 102,091 shares in the company, valued at $3,536,432.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,500 shares of company stock worth $1,838,720. Company insiders own 2.90% of the company’s stock.
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About Materion Corporation
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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