Materion Co. (NYSE:MTRN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $94.14 and last traded at $95.44, with a volume of 8717 shares changing hands. The stock had previously closed at $97.13.
Materion Trading Down 3.4 %
The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The business has a 50-day moving average of $108.89 and a 200-day moving average of $109.24. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 26.43 and a beta of 1.24.
Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.41. The business had revenue of $436.70 million for 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%. Materion's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. Research analysts anticipate that Materion Co. will post 5.24 EPS for the current year.
Materion Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, November 14th. Materion's dividend payout ratio (DPR) is presently 15.21%.
Insider Transactions at Materion
In other news, CFO Shelly Marie Chadwick sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. The trade was a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $235,140.00. Following the sale, the vice president now owns 12,031 shares of the company's stock, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.
Institutional Investors Weigh In On Materion
Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Materion by 0.3% in the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company's stock valued at $3,991,000 after buying an additional 91 shares during the period. Arizona State Retirement System boosted its stake in shares of Materion by 1.9% in the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company's stock valued at $625,000 after buying an additional 107 shares during the period. GAMMA Investing LLC boosted its stake in shares of Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after buying an additional 197 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Materion by 5.3% in the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company's stock valued at $399,000 after buying an additional 204 shares during the period. Finally, Quest Partners LLC boosted 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 valued at $28,000 after buying an additional 256 shares during the period. 93.56% of the stock is currently owned by institutional investors.
About Materion
(
Get Free Report)
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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