Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick Sells 1,000 Shares

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the sale, the chief financial officer now directly owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Materion Stock Performance

Materion stock opened at $111.34 on Friday. The firm has a 50 day simple moving average of $110.06 and a 200-day simple moving average of $110.63. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08. 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 stock has a market cap of $2.31 billion, a price-to-earnings ratio of 31.36 and a beta of 1.21.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. During the same quarter in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, 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 will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.49%. Materion’s payout ratio is currently 15.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Materion

A number of hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp boosted its position in shares of Materion by 9.6% during the 3rd quarter. Synovus Financial Corp now owns 7,507 shares of the basic materials company’s stock worth $840,000 after purchasing an additional 656 shares during the period. Geode Capital Management LLC lifted its holdings in Materion by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock worth $52,246,000 after buying an additional 2,953 shares in the last quarter. Barclays PLC lifted its holdings in Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock worth $3,902,000 after buying an additional 27,244 shares in the last quarter. Jane Street Group LLC lifted its holdings in Materion by 8.0% during the 3rd quarter. Jane Street Group LLC now owns 36,886 shares of the basic materials company’s stock worth $4,126,000 after buying an additional 2,727 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

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.