Materion Corporation (NYSE:MTRN) insider Richard J. Hipple sold 2,500 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $36.19, for a total transaction of $90,475.00. Following the sale, the insider now directly owns 82,091 shares of the company’s stock, valued at $2,970,873.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Materion Corporation (NYSE MTRN) traded down 0.14% during mid-day trading on Friday, hitting $36.45. The company had a trading volume of 161,866 shares. The company has a 50-day moving average price of $35.26 and a 200 day moving average price of $36.56. Materion Corporation has a 52-week low of $23.06 and a 52-week high of $41.22. The company has a market capitalization of $728.49 million, a P/E ratio of 31.72 and a beta of 1.16.
Materion Corporation (NYSE:MTRN) last announced its earnings results on Friday, April 28th. The basic materials company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Materion Corporation had a return on equity of 5.50% and a net margin of 2.40%. The company had revenue of $240.67 million during the quarter, compared to analysts’ expectations of $231.58 million. During the same period last year, the business posted $0.27 EPS. Materion Corporation’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts forecast that Materion Corporation will post $1.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Wednesday, May 17th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. This is a boost from Materion Corporation’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, May 15th. Materion Corporation’s dividend payout ratio (DPR) is 34.78%.
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Several analysts recently weighed in on MTRN shares. Zacks Investment Research downgraded Materion Corporation from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Jefferies Group LLC lifted their price objective on Materion Corporation from $30.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, February 21st.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Materion Corporation during the first quarter valued at about $115,000. Victory Capital Management Inc. boosted its position in shares of Materion Corporation by 50.5% in the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,271 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Materion Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock valued at $157,000 after buying an additional 308 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Materion Corporation during the first quarter valued at about $160,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Materion Corporation by 1.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,096 shares of the basic materials company’s stock valued at $171,000 after buying an additional 96 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.
Materion Corporation Company Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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