Materion (NYSE:MTRN) Hits New 1-Year Low – Time to Sell?

Materion Co. (NYSE:MTRN) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $80.00 and last traded at $81.38, with a volume of 12104 shares trading hands. The stock had previously closed at $81.60.

Materion Stock Down 3.0 %

The company has a market capitalization of $1.63 billion, a P/E ratio of 272.69 and a beta of 1.21. The company has a 50-day moving average of $92.72 and a two-hundred day moving average of $101.97. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last released its 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 net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. During the same period in the prior year, the firm earned $1.41 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that Materion Co. will post 5.5 EPS for the current year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio (DPR) is 186.21%.

Insider Buying and Selling

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the transaction, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Trading of Materion

Several institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Materion by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company’s stock valued at $28,299,000 after buying an additional 5,944 shares in the last quarter. Cerity Partners LLC grew its position in Materion by 28.3% in the 3rd quarter. Cerity Partners LLC now owns 8,304 shares of the basic materials company’s stock valued at $929,000 after acquiring an additional 1,830 shares during the last quarter. FMR LLC increased its stake in Materion by 23.8% in the third quarter. FMR LLC now owns 15,027 shares of the basic materials company’s stock worth $1,681,000 after purchasing an additional 2,891 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Materion by 30.5% during the third quarter. BNP Paribas Financial Markets now owns 11,131 shares of the basic materials company’s stock valued at $1,245,000 after purchasing an additional 2,604 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of Materion in the third quarter worth about $286,000. 93.56% of the stock is currently owned by institutional investors.

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.