Materion Co. (NYSE:MTRN) VP Sells $242,674.90 in Stock

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.13 per share. This is an increase from Materion’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.49%. Materion’s payout ratio is currently 10.66%.

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.

About Materion

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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.