Materion (NYSE:MTRN) Reaches New 12-Month Low – What’s Next?

Materion Co. (NYSE:MTRN) shares hit a new 52-week low on Friday . The stock traded as low as $94.14 and last traded at $95.44, with a volume of 8717 shares trading hands. The stock had previously closed at $97.13.

Materion Stock Performance

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 firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 26.56 and a beta of 1.24. The business has a 50-day moving average price of $108.89 and a 200-day moving average price of $109.24.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The business had revenue of $436.70 million during 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 business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. As a group, sell-side analysts forecast that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.135 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.57%. Materion’s dividend payout ratio (DPR) is currently 15.21%.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the sale, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Materion

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its position in Materion by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 65,324 shares of the basic materials company’s stock valued at $7,063,000 after acquiring an additional 442 shares in the last quarter. Victory Capital Management Inc. increased its stake in Materion by 33.7% during the 2nd quarter. Victory Capital Management Inc. now owns 133,940 shares of the basic materials company’s stock worth $14,483,000 after buying an additional 33,751 shares during the period. Arizona State Retirement System lifted its holdings in Materion by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after buying an additional 107 shares in the last quarter. Quest Partners LLC boosted its position in Materion by 25,600.0% in the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after buying an additional 256 shares during the period. Finally, Texas Permanent School Fund Corp grew its stake in shares of Materion by 22.6% in the second quarter. Texas Permanent School Fund Corp now owns 22,142 shares of the basic materials company’s stock worth $2,394,000 after acquiring an additional 4,076 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

About Materion

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.