Materion Corp (NYSE:MTRN) Director Craig S. Shular sold 5,267 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total transaction of $277,728.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Materion Corp (MTRN) traded down $0.60 during midday trading on Thursday, reaching $52.80. 73,711 shares of the company were exchanged, compared to its average volume of 141,975. Materion Corp has a 12-month low of $31.05 and a 12-month high of $53.65. The stock has a market capitalization of $1,060.00, a P/E ratio of 40.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping 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 firm 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 firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. equities analysts predict that Materion Corp will post 1.6 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. purchased a new stake in Materion during the second quarter worth $280,000. State Street Corp boosted its holdings in Materion by 4.2% during the second quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock worth $25,167,000 after buying an additional 26,973 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Materion during the third quarter worth $441,000. BNP Paribas Arbitrage SA boosted its holdings in Materion by 52.2% during the third quarter. BNP Paribas Arbitrage SA now owns 11,651 shares of the basic materials company’s stock worth $503,000 after buying an additional 3,994 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in Materion by 65.9% during the third quarter. Algert Global LLC now owns 59,198 shares of the basic materials company’s stock worth $2,554,000 after buying an additional 23,512 shares in the last quarter. 89.99% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on MTRN shares. Zacks Investment Research raised shares of Materion from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, September 27th. BidaskClub raised shares of Materion from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Materion in a report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Materion in a report on Monday, November 13th. Finally, ValuEngine downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Materion presently has an average rating of “Hold” and a consensus target price of $51.00.

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Materion Company Profile

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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