Shares of Materion Co. (NYSE:MTRN - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $95.52 and last traded at $95.52, with a volume of 44386 shares trading hands. The stock had previously closed at $98.88.
Materion Price Performance
The stock has a market cap of $1.97 billion, a PE ratio of 26.79 and a beta of 1.21. 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 company's 50 day moving average is $109.64 and its 200-day moving average is $109.57.
Materion (NYSE:MTRN - Get Free Report) last announced 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. The business had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. As a group, sell-side analysts predict that Materion Co. will post 5.24 earnings per share for the current year.
Materion Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 dividend yield of 0.57%. The ex-dividend date was Thursday, November 14th. Materion's payout ratio is currently 15.21%.
Insider Buying and Selling
In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion 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 completion of the transaction, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.
Institutional Trading of Materion
Several hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC lifted its position in Materion by 5.3% in the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company's stock valued at $399,000 after purchasing an additional 204 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Materion by 38.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company's stock worth $6,867,000 after buying an additional 16,904 shares in the last quarter. Synovus Financial Corp raised its stake in Materion by 9.6% during the 3rd quarter. Synovus Financial Corp now owns 7,507 shares of the basic materials company's stock valued at $840,000 after acquiring an additional 656 shares in the last quarter. Geode Capital Management LLC boosted its position in Materion by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company's stock worth $52,246,000 after acquiring an additional 2,953 shares during the period. Finally, Barclays PLC grew its stake in shares of Materion by 356.9% in the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock worth $3,902,000 after purchasing an additional 27,244 shares in the last quarter. Institutional investors own 93.56% of the company's stock.
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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