Materion (NYSE:MTRN) Hits New 12-Month Low - Here's What Happened

Materion Co. (NYSE:MTRN - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $92.82 and last traded at $93.09, with a volume of 73761 shares trading hands. The stock had previously closed at $95.57.

Materion Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The company has a 50-day moving average of $99.21 and a 200-day moving average of $106.27. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 313.74 and a beta of 1.23.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating 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 business 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 firm earned $1.41 EPS. Materion's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, February 20th. Materion's dividend payout ratio is currently 186.21%.

Remove Ads

Insider Transactions at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the 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 owns 14,632 shares in the company, valued at approximately $1,481,343.68. This represents a 5.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Materion

A number of large investors have recently added to or reduced their stakes in MTRN. GAMMA Investing LLC increased its position in Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after buying an additional 197 shares during the period. Smartleaf Asset Management LLC increased its position in Materion by 269.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after buying an additional 318 shares during the period. Quest Partners LLC increased its position in Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock worth $63,000 after buying an additional 305 shares during the period. ARK Investment Management LLC bought a new position in Materion during the 3rd quarter worth $85,000. Finally, KBC Group NV grew its holdings in shares of Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after purchasing an additional 311 shares in the last quarter. 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.