Materion (NYSE:MTRN) Sets New 52-Week Low - Here's What Happened

Materion Co. (NYSE:MTRN - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $89.06 and last traded at $89.25, with a volume of 43237 shares changing hands. The stock had previously closed at $91.36.

Materion Trading Down 0.2 %

The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The firm's 50 day moving average is $97.80 and its two-hundred day moving average is $105.35. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 306.62 and a beta of 1.23.

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

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, February 20th. Materion's dividend payout ratio (DPR) is 186.21%.

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Insider Buying and Selling

In other news, CFO Shelly Marie Chadwick sold 805 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Materion

Several large investors have recently added to or reduced their stakes in the business. Creative Planning grew its stake in shares of Materion by 38.5% in the third quarter. Creative Planning now owns 2,792 shares of the basic materials company's stock worth $312,000 after purchasing an additional 776 shares in the last quarter. Consolidated Planning Corp bought a new position in Materion in the 3rd quarter valued at about $301,000. ARK Investment Management LLC acquired a new position in Materion during the 3rd quarter valued at about $85,000. Confluence Investment Management LLC raised its position in shares of Materion by 6.4% during the 3rd quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company's stock worth $428,000 after buying an additional 231 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Materion during the third quarter worth approximately $318,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

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.