Materion Corporation (NYSE:mtrn) declared a quarterly dividend on Wednesday, February 1st. Shareholders of record on Wednesday, February 15th will be paid a dividend of 0.095 per share on Friday, March 3rd. This represents a $0.38 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, February 13th.
Materion Corporation (NYSE:MTRN) opened at 38.85 on Friday. Materion Corporation has a one year low of $22.36 and a one year high of $41.23. The firm’s 50-day moving average is $39.54 and its 200 day moving average is $33.87. The firm has a market capitalization of $774.55 million, a price-to-earnings ratio of 30.38 and a beta of 1.28.
In other news, Director Craig S. Shular sold 5,744 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $38.94, for a total value of $223,671.36. Following the completion of the sale, the director now directly owns 2,941 shares in the company, valued at $114,522.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.30% of the company’s stock.
Several analysts have commented on MTRN shares. Zacks Investment Research downgraded shares of Materion Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Wm Smith started coverage on shares of Materion Corporation in a research report on Thursday, November 3rd. They issued a “not rated” rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.50.
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About Materion Corporation
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace.
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