Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.60, for a total transaction of $148,800.00. Following the completion of the transaction, the vice president now directly owns 13,061 shares of the company’s stock, valued at approximately $647,825.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Materion Corporation (NYSE:MTRN) opened at 51.35 on Wednesday. Materion Corporation has a 12-month low of $29.50 and a 12-month high of $51.85. The stock has a 50 day moving average of $42.43 and a 200-day moving average of $38.18. The company has a market cap of $1.03 billion, a PE ratio of 41.44 and a beta of 1.14.
Materion Corporation (NYSE:MTRN) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The company had revenue of $294.27 million during the quarter, compared to analyst estimates of $290.96 million. Materion Corporation had a return on equity of 6.08% and a net margin of 2.48%. Materion Corporation’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts anticipate that Materion Corporation will post $1.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 8th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. Materion Corporation’s payout ratio is 30.77%.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Materion Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 target price on shares of Materion Corporation in a report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Materion Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
A number of large investors have recently added to or reduced their stakes in MTRN. Prudential Financial Inc. lifted its position in Materion Corporation by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 34,431 shares of the basic materials company’s stock worth $1,155,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC bought a new stake in Materion Corporation in the 1st quarter worth approximately $115,000. Victory Capital Management Inc. lifted its position in Materion Corporation by 50.5% in the 1st quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,271 shares during the last quarter. Arizona State Retirement System lifted its position in Materion Corporation by 1.0% in the 1st quarter. Arizona State Retirement System now owns 10,412 shares of the basic materials company’s stock worth $349,000 after buying an additional 100 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Materion Corporation in the 1st quarter worth approximately $215,000. Institutional investors own 90.79% of the company’s stock.
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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