Insider Selling: Materion Co. (NYSE:MTRN) VP Sells $235,140.00 in Stock

Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Materion Stock Down 2.4 %

NYSE:MTRN opened at $116.91 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The firm has a market cap of $2.43 billion, a PE ratio of 32.93 and a beta of 1.19. The company has a 50-day moving average of $107.51 and a 200 day moving average of $110.45. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The company had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is currently 15.21%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On Materion

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Materion by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock worth $336,389,000 after purchasing an additional 12,041 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Materion by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock worth $131,201,000 after acquiring an additional 12,454 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Materion by 12.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock worth $67,501,000 after acquiring an additional 64,470 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Materion by 31.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock valued at $48,010,000 after acquiring an additional 105,969 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Materion by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 350,247 shares of the basic materials company’s stock valued at $37,872,000 after purchasing an additional 5,585 shares during the last quarter. 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.