Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick Sells 1,000 Shares

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the sale, the chief financial officer now owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Materion Stock Down 3.0 %

MTRN opened at $114.39 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. Materion Co. has a 12 month low of $96.18 and a 12 month high of $145.08. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.22 and a beta of 1.21. The business has a 50-day moving average of $109.95 and a two-hundred day moving average of $110.59.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts expect that Materion Co. will post 5.24 earnings per share for the current year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is currently 15.21%.

Hedge Funds Weigh In On Materion

Several hedge funds and other institutional investors have recently bought and sold shares of MTRN. Synovus Financial Corp raised its position in shares of Materion by 9.6% in the 3rd quarter. Synovus Financial Corp now owns 7,507 shares of the basic materials company’s stock valued at $840,000 after purchasing an additional 656 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Materion by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock valued at $52,246,000 after purchasing an additional 2,953 shares in the last quarter. Barclays PLC raised its position in shares of Materion by 356.9% in the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after purchasing an additional 27,244 shares in the last quarter. Jane Street Group LLC raised its position in shares of Materion by 8.0% in the 3rd quarter. Jane Street Group LLC now owns 36,886 shares of the basic materials company’s stock valued at $4,126,000 after purchasing an additional 2,727 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Materion by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after purchasing an additional 91 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.