What Next for Materion Corporation (MTRN) After Forming Bullish Wedge Up?

May 25, 2018 - By Maria Brooks

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.
Voya Inv Management Lc accumulated 9,489 shares or 0% of the stock. 15,901 are owned by State Board Of Administration Of Florida Retirement Systems. Louisiana State Employees Retirement Sys owns 8,600 shares for 0.02% of their portfolio. Moreover, Arizona State Retirement Systems has 0.02% invested in Materion Corporation (NYSE:MTRN). Eqis Capital Management reported 14,007 shares stake. Principal Financial Group has invested 0.01% in Materion Corporation (NYSE:MTRN). Koch owns 4,304 shares. Strs Ohio, a Ohio-based fund reported 18,100 shares. Phocas reported 1.08% in Materion Corporation (NYSE:MTRN). Blackrock, New York-based fund reported 2.73M shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in Materion Corporation (NYSE:MTRN). Texas Permanent School Fund invested 0.01% in Materion Corporation (NYSE:MTRN). Svcs Automobile Association stated it has 62,464 shares. First Personal Services holds 0.14% of its portfolio in Materion Corporation (NYSE:MTRN) for 14,285 shares. Metropolitan Life Ins Ny stated it has 0% of its portfolio in Materion Corporation (NYSE:MTRN).

Since January 16, 2018, it had 0 insider purchases, and 5 selling transactions for $1.48 million activity. 7,626 shares were sold by SHULAR CRAIG S, worth $409,997. Chemnitz Gregory R. had sold 5,000 shares worth $260,100 on Friday, May 4. Kelley Joseph P had sold 2,419 shares worth $124,397.

The stock of Materion Corporation (MTRN) formed an up wedge with $59.73 target or 9.00 % above today’s $54.80 share price. The 9 months wedge indicates low risk for the $1.11 billion company. If the $59.73 price target is reached, the company will be worth $99.54M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.99% or $0.55 during the last trading session, reaching $54.8. About 6,161 shares traded. Materion Corporation (NYSE:MTRN) has risen 59.03% since May 25, 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 $10.29 million for 26.86 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: Seekingalpha.com, which released: “Materion’s (MTRN) CEO Jugal Vijayvargiya on Q1 2018 Results – Earnings Call Transcript” on April 29, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for Lincoln Electric, Cytosorbents, Materion, Fortune Brands Home & Security …” and published on May 04, 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 $1.11 billion. The firm operates through four divisions: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. It has a 97.86 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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