Materion Co. (NYSE:MTRN) VP Sells $235,140.00 in Stock

Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Materion Stock Down 0.8 %

Shares of Materion stock opened at $119.19 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08. The business’s fifty day moving average price is $107.05 and its two-hundred day moving average price is $110.34. The company has a market capitalization of $2.47 billion, a P/E ratio of 33.57 and a beta of 1.19.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 earnings per share. As a group, research analysts forecast that Materion Co. will post 5.24 EPS for the current year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.45%. Materion’s dividend payout ratio (DPR) is 15.21%.

Hedge Funds Weigh In On Materion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTRN. Opal Wealth Advisors LLC bought a new position in shares of Materion during the 2nd quarter valued at about $25,000. Quest Partners LLC boosted its holdings in Materion by 25,600.0% during the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. Lynx Investment Advisory acquired a new position in Materion in the second quarter worth approximately $38,000. ARK Investment Management LLC bought a new position in shares of Materion in the third quarter valued at $85,000. Finally, Brown Lisle Cummings Inc. acquired a new stake in shares of Materion during the 2nd quarter valued at $92,000. 93.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.