Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz Sells 2,000 Shares

Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $80.45, for a total transaction of $160,900.00. Following the completion of the transaction, the vice president now directly owns 13,376 shares of the company’s stock, valued at approximately $1,076,099.20. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Materion Trading Down 1.4 %

Materion stock opened at $78.43 on Wednesday. The stock has a market cap of $1.63 billion, a P/E ratio of 270.43 and a beta of 0.85. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The firm’s fifty day moving average price is $82.29 and its 200-day moving average price is $96.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19.

Materion (NYSE:MTRN) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm had revenue of $420.33 million for the quarter, compared to analysts’ expectations of $396.83 million. During the same quarter last year, the firm posted $0.96 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Materion

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Materion by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after acquiring an additional 16,904 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Materion by 307.8% in the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 197 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Materion during the 4th quarter valued at about $415,000. Raymond James Financial Inc. purchased a new position in shares of Materion during the 4th quarter valued at about $10,399,000. Finally, Choreo LLC bought a new stake in Materion in the 4th quarter worth approximately $315,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

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.