Materion (NYSE:MTRN) Sets New 12-Month Low – Here’s What Happened

Materion Co. (NYSE:MTRN) reached a new 52-week low on Friday . The stock traded as low as $94.14 and last traded at $95.44, with a volume of 8717 shares trading hands. The stock had previously closed at $97.13.

Materion Stock Down 3.4 %

The stock has a fifty day moving average price of $108.67 and a 200-day moving average price of $109.16. The firm has a market cap of $1.95 billion, a PE ratio of 26.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same period in the previous year, the firm earned $1.39 earnings per share. Materion’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts expect that Materion Co. will post 5.24 EPS for the current year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, November 14th. Materion’s dividend payout ratio (DPR) is presently 15.21%.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the sale, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. The trade was a 7.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Materion

A number of hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in shares of Materion by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after buying an additional 91 shares during the period. Arizona State Retirement System lifted its holdings in Materion by 1.9% in the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 107 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 197 shares during the last quarter. Confluence Investment Management LLC boosted its stake in Materion by 5.3% in the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 204 shares during the period. Finally, Quest Partners LLC raised its position in shares of Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds 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.