Is Materion Corporation (MTRN) a Buy? The Stock Rises Again

February 15, 2018 - By Louis Casey

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.31, from 0.87 in 2017Q2. It increased, as 6 investors sold Materion Corporation shares while 44 reduced holdings. 22 funds opened positions while 37 raised stakes. 17.77 million shares or 1.02% less from 17.95 million shares in 2017Q2 were reported.
State Of Tennessee Treasury Department has invested 0% in Materion Corporation (NYSE:MTRN). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Materion Corporation (NYSE:MTRN). Swiss Bank holds 34,300 shares or 0% of its portfolio. Wedge Cap Mngmt L Lp Nc stated it has 35,725 shares or 0.01% of all its holdings. Federated Inc Pa has invested 0% in Materion Corporation (NYSE:MTRN). 92,855 are owned by Wells Fargo And Communications Mn. Of Vermont invested 0% of its portfolio in Materion Corporation (NYSE:MTRN). 151,976 were reported by Principal Fincl Gru Incorporated. Goldman Sachs Group Inc Inc accumulated 138,192 shares. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Materion Corporation (NYSE:MTRN). National Bank & Trust Of America De reported 121,826 shares. Victory Cap Mgmt accumulated 4,812 shares. Ameriprise Inc holds 0.01% of its portfolio in Materion Corporation (NYSE:MTRN) for 636,426 shares. Parkside Fin Bank & Trust Trust reported 6 shares. Acadian Asset Mngmt Limited Liability Company holds 0.03% of its portfolio in Materion Corporation (NYSE:MTRN) for 138,908 shares.

Since October 30, 2017, it had 0 insider buys, and 2 insider sales for $426,523 activity. $148,794 worth of stock was sold by Chemnitz Gregory R. on Monday, October 30.

The stock of Materion Corporation (NYSE:MTRN) is a huge mover today! The stock increased 8.71% or $4.1 during the last trading session, reaching $51.15. About 103,724 shares traded. Materion Corporation (NYSE:MTRN) has risen 47.97% since February 15, 2017 and is uptrending. It has outperformed by 31.27% the S&P500.
The move comes after 9 months positive chart setup for the $1.03B company. It was reported on Feb, 15 by Barchart.com. We have $53.71 PT which if reached, will make NYSE:MTRN worth $51.25M more.

Analysts await Materion Corporation (NYSE:MTRN) to report earnings on February, 16. They expect $0.38 EPS, up 35.71 % or $0.10 from last year’s $0.28 per share. MTRN’s profit will be $7.61 million for 33.65 P/E if the $0.38 EPS becomes a reality. After $0.50 actual EPS reported by Materion Corporation for the previous quarter, Wall Street now forecasts -24.00 % negative EPS growth.

Materion Corporation (NYSE:MTRN) Ratings Coverage

Among 4 analysts covering Materion (NYSE:MTRN), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Materion had 12 analyst reports since August 27, 2015 according to SRatingsIntel. Jefferies maintained Materion Corporation (NYSE:MTRN) on Wednesday, October 11 with “Hold” rating. KeyBanc Capital Markets maintained Materion Corporation (NYSE:MTRN) on Thursday, October 12 with “Hold” rating. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, November 13. As per Thursday, July 27, the company rating was maintained by Jefferies. The company was maintained on Tuesday, January 9 by Jefferies. Jefferies reinitiated Materion Corporation (NYSE:MTRN) on Wednesday, January 13 with “Hold” rating. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, April 7. The rating was maintained by Jefferies on Friday, September 8 with “Hold”. Stifel Nicolaus upgraded Materion Corporation (NYSE:MTRN) on Thursday, August 27 to “Hold” rating. Jefferies maintained it with “Hold” rating and $3400 target in Friday, June 2 report.

More notable recent Materion Corporation (NYSE:MTRN) news were published by: Crainscleveland.com which released: “Materion Corp. promotes two executives” on August 16, 2017, also Stockhouse.com with their article: “Materion Corporation to Host Earnings Call” published on February 15, 2018, Crainscleveland.com published: “Materion Corp. names Marc Rands as vice president of global operations” on January 18, 2018. More interesting news about Materion Corporation (NYSE:MTRN) were released by: Businesswire.com and their article: “Materion Corporation Reports Fourth Quarter and Full-Year 2017 Financial …” published on February 15, 2018 as well as Businesswire.com‘s news article titled: “Materion Corporation Announces Appointment of Neil Sater as Vice President …” with publication date: February 01, 2018.

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 has market cap of $1.03 billion. The firm operates through four divisions: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. It has a 39.35 P/E ratio. The Performance Alloys and Composites segment provides strip products, including thin gauge precision strips, and small diameter rod and wire; copper, nickel, and beryllium alloys manufactured in plate, rod, bar, tube, and other customized forms; beryllium hydroxide; and beryllium products, such as beryllium and aluminum metal matrix composites, beryllia ceramics, and bulk metallic glass materials.

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