Materion (NYSE:MTRN) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Materion (NYSE:MTRN) from a sell rating to a hold rating in a report issued on Thursday.

Separately, KeyCorp reduced their price objective on shares of Materion from $156.00 to $152.00 and set an overweight rating for the company in a report on Friday, May 10th.

Materion Stock Down 1.1 %

Shares of MTRN traded down $1.25 during mid-day trading on Thursday, hitting $111.66. 82,439 shares of the company’s stock were exchanged, compared to its average volume of 102,632. The firm has a fifty day moving average of $110.95 and a two-hundred day moving average of $119.02. Materion has a twelve month low of $92.23 and a twelve month high of $145.08. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 28.34 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 2.91 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last posted its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. Materion had a net margin of 5.19% and a return on equity of 12.32%. The business had revenue of $425.87 million for the quarter, compared to analyst estimates of $424.02 million. During the same period last year, the business posted $1.38 EPS. Materion’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Materion will post 5.75 earnings per share for the current year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, August 23rd. Materion’s payout ratio is presently 13.53%.

Insider Buying and Selling at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $113.31, for a total transaction of $226,620.00. Following the completion of the sale, the vice president now owns 18,031 shares in the company, valued at approximately $2,043,092.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $113.31, for a total transaction of $226,620.00. Following the completion of the sale, the vice president now owns 18,031 shares in the company, valued at approximately $2,043,092.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Emily M. Liggett sold 1,152 shares of Materion stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $111.86, for a total transaction of $128,862.72. Following the sale, the director now owns 2,621 shares of the company’s stock, valued at approximately $293,185.06. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co grew its holdings in Materion by 529.0% during the fourth quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Opal Wealth Advisors LLC bought a new position in Materion in the second quarter valued at approximately $25,000. Quest Partners LLC lifted its stake in Materion by 25,600.0% in the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. Lynx Investment Advisory bought a new position in Materion in the second quarter valued at approximately $38,000. Finally, SRS Capital Advisors Inc. lifted its stake in Materion by 285.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 428 shares of the basic materials company’s stock valued at $56,000 after buying an additional 317 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.