Materion Corporation (NYSE:MTRN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Materion Corporation (NYSE:MTRN) has earned a consensus recommendation of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $237.00.

A number of equities research analysts have recently weighed in on MTRN shares. Weiss Ratings raised Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. KeyCorp upped their price target on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd.

Materion Stock Performance

MTRN opened at $215.01 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32. The business has a fifty day simple moving average of $246.51 and a 200 day simple moving average of $191.45. Materion has a 1 year low of $104.34 and a 1 year high of $298.87. The company has a market capitalization of $4.47 billion, a PE ratio of 58.75 and a beta of 1.03.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 20th. Materion’s dividend payout ratio is presently 15.85%.

Institutional Investors Weigh In On Materion

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maseco LLP bought a new stake in shares of Materion in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its stake in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Harbor Investment Advisory LLC bought a new position in Materion during the 2nd quarter worth $32,000. Jones Financial Companies Lllp acquired a new position in Materion in the 1st quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Materion in the 3rd quarter valued at $35,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Company Profile

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.