NYSE:MTRNMaterion Stock Price, Forecast & News

$52.42

-2.65 (-4.81 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$52.40

Now: $52.42▼

$56.06

50-Day Range

$38.63

MA: $47.85▼

$55.07

52-Week Range

$26.15

Now: $52.42▼

$68.75

Volume90,583 shs

Average Volume152,218 shs

Market Capitalization$1.06 billion

P/E Ratio35.42

Dividend Yield0.80%

Beta1.49

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 in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. The Performance Alloys and Composites segment provides copper and nickel products in plate, rod, bar, tube, wire product forms, as well as other customized shapes; thick precision strip products; beryllium hydroxide; and beryllium products, such as beryllium and aluminum metal matrix composites, beryllia ceramics, and bulk metallic glass materials. This segment also produces strip metal products with clad inlay and overlay metals consisting of precious and base metals electroplated systems, electron beam welded systems, contour profiled systems, and solder-coated metal systems. The Advanced Materials segment provides advanced chemicals, microelectronics packaging, precious and non-precious metals, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-fine wires for use in the consumer electronics, industrial components, and telecommunications infrastructure end markets. The Precision Coatings segment produces sputter-coated precision thin film coatings and optical filter materials. Materion Corporation distributes its products through company-owned facilities, and independent distributors and agents. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in 2011. Materion Corporation was founded in 1931 and is headquartered in Mayfield Heights, Ohio.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Materion has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.00, Materion has a potential upside of 25.9% from its current price of $52.42.
Amount of Analyst Coverage
Materion has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Materion has received 275 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Materion has received 335 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Materion has received 54.92% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Materion and other stocks. Vote “Outperform” if you believe MTRN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MTRN will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Materion is a leading dividend payer. It pays a dividend yield of 0.80%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Materion has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Materion is 13.79 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Materion will have a dividend payout ratio of 14.33 % next year. This indicates that Materion will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Materion insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.30% of the stock of Materion is held by insiders.
Percentage Held by Institutions
89.29% of the stock of Materion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Materion are expected to grow by 39.55% in the coming year, from $2.20 to $3.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Materion is 35.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Materion is 35.42, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.62.
Price to Book Value per Share Ratio
Materion has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.44 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Metal forgings & stampings

Sub-IndustryDiversified Metals & Mining

SectorBasic Materials

Current SymbolNYSE:MTRN

Previous Symbol

CUSIP57669010

CIK1104657

Webwww.materion.com

Phone216-486-4200

Debt

Debt-to-Equity Ratio0.08

Current Ratio4.21

Quick Ratio2.41

Price-To-Earnings

Trailing P/E Ratio35.42

Forward P/E Ratio23.83

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.19 billion

Price / Sales0.90

Cash Flow$5.21 per share

Price / Cash Flow10.07

Book Value$29.37 per share

Price / Book1.78

Profitability

EPS (Most Recent Fiscal Year)$3.19

Net Income$50.66 million

Net Margins2.64%

Return on Equity9.64%

Return on Assets6.85%

Miscellaneous

Employees2,600

Outstanding Shares20,310,000

Market Cap$1.06 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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Materion (NYSE:MTRN) Frequently Asked Questions

How has Materion's stock been impacted by COVID-19 (Coronavirus)?

Materion's stock was trading at $39.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTRN shares have increased by 34.0% and is now trading at $52.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Materion?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Materion in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Materion.

When is Materion's next earnings date?

Materion is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Materion.

How were Materion's earnings last quarter?

Materion Corp (NYSE:MTRN) announced its earnings results on Thursday, April, 23rd. The basic materials company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.44 by $0.01. The basic materials company had revenue of $277.95 million for the quarter, compared to the consensus estimate of $260.15 million. Materion had a net margin of 2.64% and a return on equity of 9.64%. The firm's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. View Materion's earnings history.

How often does Materion pay dividends? What is the dividend yield for Materion?

Materion announced a quarterly dividend on Thursday, May 14th. Investors of record on Friday, May 29th will be given a dividend of $0.115 per share on Wednesday, June 10th. This represents a $0.46 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 28th. This is a boost from Materion's previous quarterly dividend of $0.11. View Materion's dividend history.

What price target have analysts set for MTRN?

1 analysts have issued 1-year price objectives for Materion's stock. Their forecasts range from $66.00 to $66.00. On average, they anticipate Materion's share price to reach $66.00 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price. View analysts' price targets for Materion.

Has Materion been receiving favorable news coverage?

Media coverage about MTRN stock has trended extremely positive recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Materion earned a media sentiment score of 4.7 on InfoTrie's scale. They also assigned news coverage about the basic materials company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutMaterion.

Are investors shorting Materion?

Materion saw a increase in short interest in May. As of May 15th, there was short interest totaling 276,000 shares, an increase of 6.3% from the April 30th total of 259,700 shares. Based on an average daily volume of 175,400 shares, the short-interest ratio is currently 1.6 days. Currently, 1.4% of the shares of the company are sold short. View Materion's Current Options Chain.

Who are some of Materion's key competitors?

Some companies that are related to Materion include Southern Copper (SCCO), Freeport-McMoRan (FCX), Compass Minerals International (CMP), SunCoke Energy (SXC), U.S. Silica (SLCA), Ferroglobe (GSM), General Moly (GMO), United States Antimony (UAMY) and Revett Mining Company, Inc. (DE) (RVM). View all competitors.

What other stocks do shareholders of Materion own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Materion investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Agrium (AGU), Accenture (ACN), NIC (EGOV), Starbucks (SBUX), AbbVie (ABBV) and Micron Technology (MU).

Who are Materion's key executives?

Materion's management team includes the following people:

Mr. Jugal K. Vijayvargiya, CEO, Pres & Director (Age 51)
Mr. Joseph P. Kelley, CFO & VP of Fin. (Age 46)
Mr. Gregory R. Chemnitz, VP, Gen. Counsel & Sec. (Age 61)
Mr. Marc Rands, VP of Global Operations
Dr. Ian Tribick Ph.D., Chief Technology & Marketing Officer

What is Materion's stock symbol?

Materion trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTRN."

Who are Materion's major shareholders?

Materion's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.28%), State Street Corp (3.92%), Acadian Asset Management LLC (3.09%), Nuveen Asset Management LLC (2.52%), Gamco Investors INC. ET AL (1.72%) and Geode Capital Management LLC (1.52%). Company insiders that own Materion stock include Craig S Shular, Gregory R Chemnitz, Joseph P Kelley and Vinod M Khilnani. View institutional ownership trends for Materion.

Which major investors are selling Materion stock?

MTRN stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Morgan Stanley, Morgan Stanley, BlackRock Inc., Nuveen Asset Management LLC, Los Angeles Capital Management & Equity Research Inc., Deutsche Bank AG, and Parametric Portfolio Associates LLC. View insider buying and selling activity for Materion.

Which major investors are buying Materion stock?

MTRN stock was bought by a variety of institutional investors in the last quarter, including Polar Asset Management Partners Inc., Healthcare of Ontario Pension Plan Trust Fund, Assenagon Asset Management S.A., Deprince Race & Zollo Inc., JPMorgan Chase & Co., Federated Hermes Inc., BNP Paribas Arbitrage SA, and AXA. View insider buying and selling activity for Materion.

How do I buy shares of Materion?

Shares of MTRN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Materion's stock price today?

One share of MTRN stock can currently be purchased for approximately $52.42.

How big of a company is Materion?

Materion has a market capitalization of $1.06 billion and generates $1.19 billion in revenue each year. The basic materials company earns $50.66 million in net income (profit) each year or $3.19 on an earnings per share basis. Materion employs 2,600 workers across the globe.

What is Materion's official website?

The official website for Materion is www.materion.com.

How can I contact Materion?

Materion's mailing address is 6070 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH, 44124. The basic materials company can be reached via phone at 216-486-4200 or via email at [email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff