Materion Corporation (NYSE:MTRN) Getting Somewhat Favorable Media Coverage, Report Finds
News headlines about Materion Corporation (NYSE:MTRN) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Materion Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.1431384070981 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have recently weighed in on MTRN shares. Zacks Investment Research upgraded Materion Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, May 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $34.00 target price on shares of Materion Corporation in a research note on Friday, July 7th.
Shares of Materion Corporation (MTRN) traded up 0.67% during midday trading on Wednesday, reaching $37.80. The company had a trading volume of 5,958 shares. The company has a 50 day moving average price of $36.65 and a 200-day moving average price of $36.13. The firm has a market capitalization of $755.47 million, a P/E ratio of 32.90 and a beta of 1.15. Materion Corporation has a one year low of $24.32 and a one year high of $41.22.
Materion Corporation (NYSE:MTRN) last posted its quarterly earnings results on Friday, April 28th. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $240.67 million for the quarter, compared to analysts’ expectations of $231.58 million. Materion Corporation had a net margin of 2.40% and a return on equity of 5.50%. Materion Corporation’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, analysts anticipate that Materion Corporation will post $1.50 EPS for the current fiscal year.
In other Materion Corporation news, insider Richard J. Hipple sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $37.05, for a total transaction of $185,250.00. Following the sale, the insider now owns 62,091 shares of the company’s stock, valued at approximately $2,300,471.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard J. Hipple sold 2,500 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $34.17, for a total transaction of $85,425.00. Following the sale, the insider now directly owns 124,591 shares in the company, valued at approximately $4,257,274.47. The disclosure for this sale can be found here. Insiders have sold a total of 72,500 shares of company stock worth $2,579,650 in the last three months. Insiders own 2.90% of the company’s stock.
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Materion Corporation 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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