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.
Analyst Ratings Changes
A number of research firms have weighed in on MTRN. KeyCorp decreased their target price on shares of Materion from $106.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. CL King began coverage on shares of Materion in a research report on Wednesday, July 6th. They set a "buy" rating and a $95.00 price objective for the company.
Materion Trading Up 1.9 %
Shares of MTRN Stock traded up $1.69 during trading hours on Friday, hitting $88.99. 100,407 shares of the company were exchanged, compared to its average volume of 101,730. Materion has a fifty-two week low of $68.01 and a fifty-two week high of $96.00. The company has a 50 day simple moving average of $76.87 and a two-hundred day simple moving average of $81.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.42 and a current ratio of 3.36. The firm has a market cap of $1.83 billion, a P/E ratio of 24.52 and a beta of 1.30.
Materion (NYSE:MTRN - Get Rating) last issued its earnings results on Wednesday, August 3rd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.07. Materion had a return on equity of 13.45% and a net margin of 4.47%. The company had revenue of $445.30 million for the quarter, compared to analysts' expectations of $455.48 million. During the same period last year, the business earned $0.86 EPS. Materion's quarterly revenue was up 20.0% compared to the same quarter last year. Equities analysts anticipate that Materion will post 5.53 EPS for the current year.
Insider Buying and Selling
In other Materion news, VP Gregory R. Chemnitz sold 4,700 shares of the firm's stock in a transaction on Friday, May 13th. The stock was sold at an average price of $80.00, for a total transaction of $376,000.00. Following the transaction, 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 SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.