The stock of Materion Corp (NYSE:MTRN) hit a new 52-week high and has $49.19 target or 53.00% above today’s $32.15 share price. The 5 months bullish chart indicates low risk for the $641.00 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $49.19 price target is reached, the company will be worth $339.73M 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. About 58,190 shares traded hands. Materion Corp (NYSE:MTRN) has risen 25.35% since April 5, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.
Materion Corp (NYSE:MTRN) Ratings Coverage
Out of 3 analysts covering Materion (NYSE:MTRN), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Materion has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, January 13 by Jefferies. Wm Smith initiated Materion Corp (NYSE:MTRN) rating on Thursday, November 3. Wm Smith has “Not Rated” rating and $35 price target. The firm earned “Hold” rating on Thursday, August 27 by Stifel Nicolaus. The firm earned “Hold” rating on Thursday, April 7 by Stifel Nicolaus.
According to Zacks Investment Research, “Materion Corporation, formerly known as Brush Engineered Materials Inc., through its wholly-owned subsidiaries is engaged in the production and supply of high-performance engineered materials in the United States and internationally. Products offered by the Company comprise precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. Materion Corporation is headquartered in Mayfield Heights, Ohio.”
Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.19, from 1.29 in 2016Q1. The ratio is positive, as 11 funds sold all Materion Corp shares owned while 37 reduced positions. 18 funds bought stakes while 53 increased positions. They now own 17.84 million shares or 0.83% more from 17.69 million shares in 2016Q1.
D E Shaw & Co holds 104,249 shares or 0% of its portfolio. Millennium Management Llc holds 0% of its portfolio in Materion Corp (NYSE:MTRN) for 37,445 shares. Ftb reported 575 shares or 0% of all its holdings. Systematic Fin Management L P last reported 0.02% of its portfolio in the stock. Employees Retirement Sys Of Texas holds 0.01% of its portfolio in Materion Corp (NYSE:MTRN) for 35,700 shares. The California-based Schwab Charles Mngmt has invested 0% in Materion Corp (NYSE:MTRN). Lsv Asset Mngmt owns 3,400 shares or 0% of their US portfolio. Barclays Public Ltd Company has invested 0% of its portfolio in Materion Corp (NYSE:MTRN). Swiss Retail Bank last reported 0% of its portfolio in the stock. Axa holds 55,700 shares or 0.01% of its portfolio. Goldman Sachs Gru Inc, a New York-based fund reported 75,685 shares. Counselors Of Maryland Limited has 498,750 shares for 0.68% of their US portfolio. Robecosam Ag holds 0.27% or 125,000 shares in its portfolio. Teachers Advsr holds 34,554 shares or 0% of its portfolio. The New York-based American Intll Gru Inc has invested 0% in Materion Corp (NYSE:MTRN).
More important recent Materion Corp (NYSE:MTRN) news were published by: Crainscleveland.com which released: “Materion Corp. in talks to acquire part of Germany-based Heraeus Group” on May 12, 2016, also Crainscleveland.com published article titled: “Growth is next on the agenda at Materion Corp.”, Cleveland.com published: “Brush Engineered Materials plans to change its name to Materion Corp. in March” on January 17, 2011. More interesting news about Materion Corp (NYSE:MTRN) was released by: Reuters.com and their article: “BRIEF-Materion Corp says entered amendment to precious metals consignment …” with publication date: October 06, 2016.
MTRN Company Profile
Materion Corporation, incorporated on February 1, 2000, is a holding company. The Firm is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace. The Company’s divisions include Performance Alloys and Composites, Advanced Materials and Other. The Company, through its subsidiaries, has activities in the United States, Europe and Asia.
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