Materion Corporation (NYSE:MTRN)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group LLC in a report issued on Thursday. They presently have a $36.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s price target indicates a potential downside of 16.28% from the stock’s current price.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Materion Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Materion Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th.

Shares of Materion Corporation (NYSE MTRN) opened at 43.00 on Thursday. The firm has a market capitalization of $861.63 million, a PE ratio of 34.71 and a beta of 1.14. The firm’s 50 day moving average is $39.90 and its 200 day moving average is $37.04. Materion Corporation has a 1-year low of $28.50 and a 1-year high of $44.80.

Materion Corporation (NYSE:MTRN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm had revenue of $295.80 million for the quarter, compared to the consensus estimate of $254.28 million. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. Analysts anticipate that Materion Corporation will post $1.52 EPS for the current fiscal year.

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In other Materion Corporation news, VP Gregory R. Chemnitz sold 3,000 shares of Materion Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.29, for a total transaction of $114,870.00. Following the transaction, the vice president now owns 18,052 shares of the company’s stock, valued at approximately $691,211.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Materion Corporation during the 1st quarter valued at about $115,000. Victory Capital Management Inc. grew its stake in shares of Materion Corporation by 50.5% in the 1st quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,271 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Materion Corporation by 79.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock valued at $147,000 after buying an additional 1,749 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Materion Corporation by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock valued at $157,000 after buying an additional 308 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Materion Corporation by 1.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,096 shares of the basic materials company’s stock valued at $171,000 after buying an additional 96 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

About Materion Corporation

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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