Materion Co. (NYSE:MTRN - Free Report) - Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for shares of Materion in a research report issued to clients and investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $5.22 per share for the year, down from their prior forecast of $5.28. The consensus estimate for Materion's current full-year earnings is $5.25 per share. Seaport Res Ptn also issued estimates for Materion's Q4 2024 earnings at $1.43 EPS, Q1 2025 earnings at $1.25 EPS, Q2 2025 earnings at $1.42 EPS, Q3 2025 earnings at $1.51 EPS, Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $5.82 EPS and FY2026 earnings at $7.05 EPS.
Materion Stock Performance
Materion stock traded up $0.89 during trading hours on Thursday, hitting $102.33. The company had a trading volume of 34,409 shares, compared to its average volume of 75,743. Materion has a one year low of $93.20 and a one year high of $145.08. The firm has a market cap of $2.12 billion, a PE ratio of 28.84 and a beta of 1.24. The firm has a 50-day moving average of $106.12 and a 200 day moving average of $108.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26.
Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts' consensus estimates of $1.41. The business had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share.
Insider Transactions at Materion
In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now owns 13,200 shares of the company's stock, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the sale, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mountaineer Partners Management LLC raised its holdings in Materion by 9,463.5% during the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company's stock worth $1,023,235,000 after buying an additional 9,051,813 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Materion by 12.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company's stock valued at $67,501,000 after purchasing an additional 64,470 shares during the last quarter. Geode Capital Management LLC increased its holdings in Materion by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company's stock worth $52,246,000 after purchasing an additional 2,953 shares in the last quarter. abrdn plc raised its holdings in shares of Materion by 19.8% in the third quarter. abrdn plc now owns 258,728 shares of the basic materials company's stock valued at $28,941,000 after purchasing an additional 42,717 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Materion by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company's stock valued at $28,299,000 after acquiring an additional 5,944 shares during the last quarter. 93.56% of the stock is owned by institutional investors.
About Materion
(
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Materion Corporation, together 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. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.
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