News coverage about Materion (NYSE:MTRN) has trended positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Materion earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.8496077885586 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Materion (MTRN) opened at $50.35 on Friday. Materion has a twelve month low of $31.05 and a twelve month high of $53.92. The company has a market capitalization of $1,022.19, a P/E ratio of 34.23 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 (NYSE:MTRN) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Materion had a return on equity of 6.08% and a net margin of 2.48%. The firm had revenue of $294.27 million for the quarter, compared to analysts’ expectations of $290.96 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts expect that Materion will post 1.6 EPS for the current year.

Several equities research analysts recently commented on the company. Jefferies Group reissued a “hold” rating and set a $36.00 target price on shares of Materion in a report on Thursday, October 12th. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research cut Materion from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine cut Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, KeyCorp reissued a “hold” rating on shares of Materion in a report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.00.

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the business’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 owns 13,061 shares of the company’s stock, valued at $647,825.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Hipple sold 4,364 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total value of $216,628.96. Following the sale, the director now directly owns 37,760 shares in the company, valued at approximately $1,874,406.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,737 shares of company stock worth $2,698,625. 2.90% of the stock is owned by corporate insiders.

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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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