Materion Co. (NYSE:MTRN) CFO Sells $115,920.00 in Stock

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Materion Stock Down 2.7 %

MTRN opened at $111.34 on Friday. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $110.06 and a 200 day moving average price of $110.63. The company has a market cap of $2.31 billion, a PE ratio of 31.36 and a beta of 1.21.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts expect that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.54 annualized dividend and a dividend yield of 0.49%. Materion’s dividend payout ratio (DPR) is presently 15.21%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MTRN. Mountaineer Partners Management LLC raised its position in shares of Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after purchasing an additional 9,051,813 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Materion during the 2nd quarter valued at about $12,938,000. F M Investments LLC purchased a new stake in Materion during the 2nd quarter valued at about $11,643,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Materion by 31.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock valued at $48,010,000 after acquiring an additional 105,969 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Materion by 21.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock valued at $58,280,000 after acquiring an additional 96,525 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a research report 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.