Materion (NYSE:MTRN) Sets New 1-Year Low - Here's Why

Shares of Materion Co. (NYSE:MTRN - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $69.10 and last traded at $75.18, with a volume of 235795 shares changing hands. The stock had previously closed at $75.16.

Materion Price Performance

The company has a market cap of $1.62 billion, a P/E ratio of 268.56 and a beta of 1.15. The firm's 50-day moving average is $88.08 and its two-hundred day moving average is $99.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26.

Materion (NYSE:MTRN - Get Free Report) last announced its earnings results 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. The firm had revenue of $436.90 million for the quarter, compared to analysts' expectations of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. Analysts anticipate that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a $0.135 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.69%. Materion's dividend payout ratio is presently 186.21%.

Insider Buying and Selling at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the transaction, the chief financial officer now owns 14,632 shares of the company's stock, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Trading of Materion

A number of large investors have recently modified their holdings of MTRN. Stifel Financial Corp grew its holdings in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company's stock worth $3,991,000 after acquiring an additional 91 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Materion by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock valued at $213,000 after purchasing an additional 137 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Materion by 1.8% in the 4th quarter. Synovus Financial Corp now owns 7,645 shares of the basic materials company's stock worth $756,000 after purchasing an additional 138 shares in the last quarter. Dakota Wealth Management grew its stake in Materion by 1.5% during the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock worth $1,079,000 after buying an additional 165 shares during the last quarter. Finally, Aurora Investment Counsel increased its position in Materion by 2.8% during the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company's stock valued at $643,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

About Materion

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.