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

Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the sale, the vice president now directly owns 12,031 shares of the company’s stock, valued at $1,414,484.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Materion Stock Up 0.7 %

Materion stock opened at $119.88 on Thursday. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The firm has a 50 day moving average price of $107.30 and a 200-day moving average price of $110.40. The company has a market capitalization of $2.49 billion, a P/E ratio of 33.77 and a beta of 1.19. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same period in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts predict that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio is currently 15.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Materion during the 2nd quarter valued at approximately $25,000. Quest Partners LLC lifted its stake in shares of Materion by 25,600.0% during 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 in the last quarter. Lynx Investment Advisory purchased a new stake in shares of Materion during the 2nd quarter valued at approximately $38,000. ARK Investment Management LLC purchased a new stake in shares of Materion during the 3rd quarter valued at approximately $85,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in shares of Materion during the 2nd quarter valued at approximately $92,000. 93.56% of the stock is owned by institutional investors.

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.