Media coverage about Materion (NYSE:MTRN) has trended somewhat negative on Saturday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Materion earned a coverage optimism score of -0.02 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.6570992385854 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of NYSE MTRN traded down $1.25 during midday trading on Friday, reaching $60.35. 84,223 shares of the company’s stock were exchanged, compared to its average volume of 105,967. Materion has a 52-week low of $37.55 and a 52-week high of $65.10. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 35.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.69 and a current ratio of 3.48.

Materion (NYSE:MTRN) last announced its earnings results on Thursday, July 26th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Materion had a return on equity of 8.30% and a net margin of 1.88%. The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $311.90 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. research analysts predict that Materion will post 2.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 21st were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, August 20th. Materion’s payout ratio is 24.42%.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Materion from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, June 27th. ValuEngine lowered Materion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.50.

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $63.31, for a total value of $126,620.00. Following the completion of the sale, the vice president now directly owns 12,523 shares of the company’s stock, valued at $792,831.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joseph P. Kelley acquired 2,923 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average cost of $63.74 per share, with a total value of $186,312.02. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.

About Materion

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 operates through Performance Alloys and Composites, Advanced Materials, and Precision Coatings segments.

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