Materion Corporation, through 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. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments. The Performance Alloys and Composites segment offers advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes. This segment operates the bertrandite ore mine and refinery located in Utah that provides feedstock hydroxide for its beryllium businesses and external sale. The Advances Materials segment produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire. This segment offers its products from its facilities, as well as through direct sales offices and independent sales representatives. The Precision Optics segment designs and produces precision thin film coatings, optical filters, and assemblies. This segment sells its directly from its facilities, as well as through direct sales offices and independent sales representatives throughout the world. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in 2011. Materion Corporation was incorporated in 1931 and is headquartered in Mayfield Heights, Ohio.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MTRN. CL King began coverage on shares of Materion in a report on Wednesday, July 6th. They set a "buy" rating and a $95.00 target price on the stock. KeyCorp reduced their target price on shares of Materion from $106.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, July 8th.
Materion Stock Up 3.6 %
Materion stock traded up $3.18 during mid-day trading on Wednesday, reaching $91.83. 119,881 shares of the company's stock were exchanged, compared to its average volume of 97,719. Materion has a twelve month low of $68.01 and a twelve month high of $96.00. The company has a fifty day moving average of $77.29 and a 200-day moving average of $81.22. The company has a market cap of $1.88 billion, a P/E ratio of 25.30 and a beta of 1.30. The company has a quick ratio of 1.35, a current ratio of 3.36 and a debt-to-equity ratio of 0.66.
Materion (NYSE:MTRN - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The basic materials company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.07. Materion had a net margin of 4.47% and a return on equity of 13.45%. The business had revenue of $445.30 million for the quarter, compared to analyst estimates of $455.48 million. During the same period last year, the business earned $0.86 EPS. The company's revenue was up 20.0% on a year-over-year basis. Sell-side analysts expect that Materion will post 5.53 EPS for the current year.
Insider Activity
In other news, VP Gregory R. Chemnitz sold 4,700 shares of the firm's stock in a transaction on Friday, May 13th. The shares were sold at an average price of $80.00, for a total value of $376,000.00. Following the sale, the vice president now directly owns 17,195 shares in the company, valued at approximately $1,375,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company's stock.