Materion Co. (NYSE:MTRN – Get Rating) VP Gregory R. Chemnitz sold 2,378 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $102.05, for a total value of $242,674.90. Following the transaction, the vice president now directly owns 19,310 shares of the company’s stock, valued at approximately $1,970,585.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Materion Stock Performance
Shares of MTRN opened at $105.35 on Friday. The company has a 50-day moving average of $109.27 and a two-hundred day moving average of $96.69. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 22.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.85 and a quick ratio of 1.08. Materion Co. has a one year low of $64.89 and a one year high of $121.29.
Materion (NYSE:MTRN – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.29 by $0.05. Materion had a net margin of 5.57% and a return on equity of 14.03%. The business had revenue of $442.50 million during the quarter, compared to the consensus estimate of $447.10 million. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts expect that Materion Co. will post 5.78 earnings per share for the current year.
Materion Increases Dividend
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MTRN. Huntington National Bank increased its holdings in shares of Materion by 100,000.0% in the 3rd quarter. Huntington National Bank now owns 1,001 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 1,000 shares during the period. Nordea Investment Management AB acquired a new position in Materion in the 4th quarter valued at approximately $8,015,000. Worth Venture Partners LLC lifted its position in Materion by 71.0% in the 3rd quarter. Worth Venture Partners LLC now owns 60,079 shares of the basic materials company’s stock worth $4,806,000 after buying an additional 24,953 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Materion during the 4th quarter valued at $1,038,000. Finally, Synovus Financial Corp grew its holdings in shares of Materion by 7.3% during the 4th quarter. Synovus Financial Corp now owns 12,105 shares of the basic materials company’s stock valued at $1,059,000 after acquiring an additional 826 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MTRN has been the subject of a number of research analyst reports. CL King upped their price target on shares of Materion from $123.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. KeyCorp lifted their price target on shares of Materion from $92.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 17th. Finally, StockNews.com raised Materion from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th.
Materion Corp. engages in the production of engineered materials used in a variety of electrical, electronic, thermal, and structural applications. It operates through the following business segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The Performance Materials segment provides engineered solutions comprised of beryllium and non-beryllium.
- Get a free copy of the StockNews.com research report on Materion (MTRN)
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