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

Materion Co. (NYSE:MTRN - Get Free Report) VP Gregory R. Chemnitz sold 2,000 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president now owns 12,031 shares of the company's stock, valued at $1,414,484.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Materion Stock Down 0.8 %

MTRN stock traded down $1.02 during mid-day trading on Tuesday, hitting $119.19. The stock had a trading volume of 105,308 shares, compared to its average volume of 98,479. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 33.63 and a beta of 1.19. The company has a fifty day moving average of $106.79 and a 200 day moving average of $110.34. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm had revenue of $436.70 million during the quarter, compared to analysts' expectations of $416.40 million. During the same quarter in the prior year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts expect that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.45%. Materion's dividend payout ratio (DPR) is presently 15.21%.

Institutional Investors Weigh In On Materion

Institutional investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Materion by 21.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company's stock worth $58,280,000 after buying an additional 96,525 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Materion by 66.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 13,768 shares of the basic materials company's stock valued at $1,489,000 after purchasing an additional 5,518 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Materion in the first quarter worth about $747,000. Renaissance Technologies LLC increased its holdings in shares of Materion by 164.0% in the second quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company's stock worth $3,882,000 after acquiring an additional 22,300 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Materion during the first quarter worth about $897,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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.