Materion Corp (MTRN) Director Craig S. Shular Sells 5,939 Shares
Materion Corp (NYSE:MTRN) Director Craig S. Shular sold 5,939 shares of the company’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $46.57, for a total transaction of $276,579.23. Following the sale, the director now directly owns 5,939 shares in the company, valued at $276,579.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Materion stock opened at $47.90 on Monday. The company has a current ratio of 3.22, a quick ratio of 1.64 and a debt-to-equity ratio of 0.03. The stock has a market cap of $969.69 million, a price-to-earnings ratio of 27.85 and a beta of 1.13. Materion Corp has a 1-year low of $42.50 and a 1-year high of $65.10.
Materion (NYSE:MTRN) last issued its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.13. Materion had a net margin of 2.74% and a return on equity of 8.94%. The firm had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $307.70 million. As a group, equities analysts anticipate that Materion Corp will post 2.26 EPS for the current year.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research note on Tuesday, October 30th. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th.
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Materion Company Profile
Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates through Performance Alloys and Composites, Advanced Materials, and Precision Coatings segments.
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