Materion (NYSE:MTRN) Reaches New 52-Week Low - What's Next?

Materion Co. (NYSE:MTRN - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $84.18 and last traded at $85.64, with a volume of 50486 shares changing hands. The stock had previously closed at $88.77.

Materion Trading Up 3.0 %

The firm has a market cap of $1.77 billion, a P/E ratio of 293.43 and a beta of 1.20. The company has a 50 day moving average of $96.45 and a 200 day moving average of $104.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19.

Materion (NYSE:MTRN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. During the same period in the previous year, the company earned $1.41 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Analysts predict that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.63%. Materion's dividend payout ratio (DPR) is presently 186.21%.

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Insider Transactions at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. This represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Materion

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Materion by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company's stock worth $28,299,000 after purchasing an additional 5,944 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Materion by 38.0% during the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company's stock valued at $6,867,000 after acquiring an additional 16,904 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Materion by 69.6% during the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company's stock valued at $5,310,000 after acquiring an additional 19,483 shares during the period. GAMMA Investing LLC lifted its stake in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 197 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Materion during the third quarter valued at $318,000. Institutional investors own 93.56% of the company's stock.

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.