Could Materion Corporation (MTRN) Change Direction After Reaching 52-Week High?

May 17, 2018 - By Ash Ash

Materion Corporation (NYSE:MTRN) Logo

Investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.14, from 1.18 in 2017Q3. It fall, as 14 investors sold Materion Corporation shares while 56 reduced holdings. 33 funds opened positions while 40 raised stakes. 17.68 million shares or 0.50% less from 17.77 million shares in 2017Q3 were reported.
Tru Co Of Vermont, a Vermont-based fund reported 200 shares. Menta Capital Lc holds 0.09% of its portfolio in Materion Corporation (NYSE:MTRN) for 9,877 shares. Millennium Mngmt Limited Liability Co reported 238,581 shares or 0.02% of all its holdings. Jacobs Levy Equity Mngmt holds 0.05% or 56,103 shares. Us Bankshares De has 191 shares. Prtn Limited Liability Company holds 0.04% of its portfolio in Materion Corporation (NYSE:MTRN) for 30,400 shares. Raymond James & Assoc accumulated 7,499 shares. 34,300 are held by Swiss Retail Bank. Cubist Systematic Strategies Ltd accumulated 2,745 shares or 0.01% of the stock. Fiera has 102,505 shares. Los Angeles Cap Mgmt Equity owns 4,323 shares. 243,886 were reported by Walthausen & Com Ltd Liability Corporation. Trexquant Inv Lp accumulated 7,548 shares or 0.04% of the stock. Parametric Port Assocs Ltd Liability Corp holds 0.01% or 136,878 shares. Robecosam Ag has 0.51% invested in Materion Corporation (NYSE:MTRN).

Since January 16, 2018, it had 0 insider purchases, and 5 sales for $1.48 million activity. On Tuesday, January 16 SHULAR CRAIG S sold $277,729 worth of Materion Corporation (NYSE:MTRN) or 5,267 shares. Kelley Joseph P sold $124,397 worth of stock. $404,790 worth of Materion Corporation (NYSE:MTRN) was sold by KEITHLEY JOSEPH P on Tuesday, February 20.

The stock of Materion Corporation (NYSE:MTRN) hit a new 52-week high and has $58.97 target or 4.00 % above today’s $56.70 share price. The 9 months bullish chart indicates low risk for the $1.15 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $58.97 price target is reached, the company will be worth $45.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.89% or $0.5 during the last trading session, reaching $56.7. About 40,360 shares traded. Materion Corporation (NYSE:MTRN) has risen 59.03% since May 17, 2017 and is uptrending. It has outperformed by 47.48% the S&P500.

Analysts await Materion Corporation (NYSE:MTRN) to report earnings on July, 26. They expect $0.51 EPS, up 21.43 % or $0.09 from last year’s $0.42 per share. MTRN’s profit will be $10.30M for 27.79 P/E if the $0.51 EPS becomes a reality. After $0.51 actual EPS reported by Materion Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More news for Materion Corporation (NYSE:MTRN) were recently published by: Globenewswire.com, which released: “New Research: Key Drivers of Growth for Lincoln Electric, Cytosorbents, Materion, Fortune Brands Home & Security …” on May 04, 2018. Seekingalpha.com‘s article titled: “Materion’s (MTRN) CEO Jugal Vijayvargiya on Q1 2018 Results – Earnings Call Transcript” and published on April 29, 2018 is yet another important article.

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 $1.15 billion. The firm operates through four divisions: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. It has a 101.25 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.

Materion Corporation (NYSE:MTRN) Institutional Positions Chart

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