Materion Co. (NYSE:MTRN - Get Free Report) CFO Shelly Marie Chadwick sold 1,000 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at approximately $1,530,144. This represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Materion Stock Performance
MTRN stock opened at $114.39 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.37 billion, a P/E ratio of 32.22 and a beta of 1.21. Materion Co. has a 12-month low of $96.18 and a 12-month high of $145.08. The stock's 50 day simple moving average is $109.95 and its 200 day simple moving average is $110.59.
Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts' consensus estimates of $1.41. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. As a group, equities research analysts predict that Materion Co. will post 5.24 EPS for the current year.
Materion Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.47%. Materion's payout ratio is currently 15.21%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new position in Materion during the 2nd quarter worth $25,000. Quest Partners LLC grew its stake in shares of Materion by 25,600.0% in the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of Materion in the second quarter worth $38,000. ARK Investment Management LLC bought a new position in shares of Materion in the third quarter worth $85,000. Finally, Brown Lisle Cummings Inc. bought a new position in shares of Materion in the second quarter worth $92,000. 93.56% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Materion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.
View Our Latest Report on MTRN
About Materion
(
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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.
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