Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz Sells 3,000 Shares

Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz sold 3,000 shares of Materion Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $38.29, for a total value of $114,870.00. Following the transaction, the vice president now directly owns 18,052 shares of the company’s stock, valued at approximately $691,211.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Materion Corporation (NYSE:MTRN) opened at 37.10 on Friday. Materion Corporation has a 52 week low of $27.99 and a 52 week high of $41.23. The firm has a market cap of $743.41 million, a P/E ratio of 29.94 and a beta of 1.16. The company has a 50-day moving average of $37.91 and a 200 day moving average of $35.97.

Materion Corporation (NYSE:MTRN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $254.28 million. During the same quarter last year, the company posted $0.31 EPS. Materion Corporation’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities analysts predict that Materion Corporation will post $1.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 16th. Materion Corporation’s dividend payout ratio is currently 32.26%.

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Several research analysts recently weighed in on MTRN shares. Zacks Investment Research raised shares of Materion Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 target price on shares of Materion Corporation in a research note on Friday, July 7th. Finally, BidaskClub raised shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Materion Corporation during the first quarter valued at about $115,000. Victory Capital Management Inc. increased its stake in shares of Materion Corporation by 50.5% in the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,271 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Materion Corporation by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock valued at $147,000 after buying an additional 1,749 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Materion Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock valued at $157,000 after buying an additional 308 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Materion Corporation during the first quarter valued at about $160,000. 89.04% of the stock is owned by hedge funds and other institutional investors.

Materion Corporation Company Profile

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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