Materion Co. (NYSE:MTRN) VP Sells $160,900.00 in Stock

Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz sold 2,000 shares of the 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 transaction, the vice president now owns 13,376 shares in the company, valued at $1,076,099.20. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Materion Trading Up 4.2 %

NYSE MTRN opened at $75.63 on Friday. 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 Co. has a one year low of $69.10 and a one year high of $123.21. The company has a 50-day simple moving average of $81.68 and a 200-day simple moving average of $96.62. The firm has a market capitalization of $1.57 billion, a PE ratio of 260.78 and a beta of 0.85.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. The company had revenue of $420.33 million during the quarter, compared to analyst estimates of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. On average, equities analysts forecast that Materion Co. will post 5.5 earnings per share for the current year.

Materion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.14 per share. This is an increase from Materion’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Materion’s payout ratio is 108.00%.

Hedge Funds Weigh In On Materion

Several institutional investors have recently modified their holdings of MTRN. GAMMA Investing LLC grew its position in 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Materion by 269.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock worth $43,000 after buying an additional 318 shares during the period. KBC Group NV grew its holdings in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after buying an additional 311 shares in the last quarter. US Bancorp DE increased its position in Materion by 30.3% in the 4th quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 313 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Materion during the 4th quarter worth $202,000. Institutional investors own 93.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, KeyCorp reiterated a “sector weight” rating on shares of Materion in a research note on Wednesday.

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.