Materion (MTRN) Earns Coverage Optimism Rating of 0.17

Headlines about Materion (NYSE:MTRN) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Materion earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.6220191317321 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of Materion (MTRN) opened at $50.85 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. Materion has a one year low of $31.05 and a one year high of $52.10. The stock has a market cap of $1,020.00, a price-to-earnings ratio of 39.12 and a beta of 1.09.

Materion (NYSE:MTRN) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. Materion had a net margin of 2.48% and a return on equity of 6.08%. The company had revenue of $294.27 million for the quarter, compared to the consensus estimate of $290.96 million. During the same period in the previous year, the business earned $0.46 EPS. The company’s revenue was up 17.9% on a year-over-year basis. equities research analysts anticipate that Materion will post 1.6 earnings per share for the current year.

Several research analysts have issued reports on MTRN shares. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 price target 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 reaffirmed a “hold” rating on shares of Materion in a report on Monday, November 13th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Materion currently has a consensus rating of “Buy” and an average price target of $51.00.

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the transaction, the vice president now directly owns 13,061 shares in the company, valued at approximately $647,825.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director N Mohan Reddy sold 11,393 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $50.11, for a total transaction of $570,903.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,470 shares of company stock worth $2,420,896. Company insiders own 2.90% of the company’s stock.

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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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