Brokerages forecast that Materion Corp (NYSE:MTRN) will report $288.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Materion’s earnings, with the highest sales estimate coming in at $296.70 million and the lowest estimate coming in at $281.00 million. Materion reported sales of $234.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 23%. The company is scheduled to report its next earnings results before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Materion will report full-year sales of $288.17 million for the current year, with estimates ranging from $1.11 billion to $1.13 billion. For the next year, analysts expect that the company will post sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Materion.

Several brokerages have recently issued reports on MTRN. Zacks Investment Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price target on shares of Materion in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research report on Monday, November 13th. Finally, ValuEngine downgraded Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.

In other news, Director Richard J. Hipple sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $49.76, for a total value of $398,080.00. Following the sale, the director now directly owns 43,224 shares of the company’s stock, valued at $2,150,826.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig S. Shular sold 5,267 shares of Materion stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $52.73, for a total value of $277,728.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,344 shares of company stock worth $1,378,282. 2.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Materion during the third quarter worth about $128,000. Capital Fund Management S.A. acquired a new stake in Materion during the fourth quarter worth about $219,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Materion during the third quarter worth about $205,000. PNC Financial Services Group Inc. grew its position in Materion by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after buying an additional 34 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Materion during the third quarter worth about $266,000. 90.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Materion (MTRN) opened at $45.95 on Friday. The stock has a market capitalization of $912.98, a PE ratio of 35.35 and a beta of 1.06. Materion has a 1 year low of $31.05 and a 1 year 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.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, February 20th. Materion’s dividend payout ratio is currently 30.77%.

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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.

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