Materion (NYSE:MTRN) Hits New 1-Year Low – Here’s What Happened

Shares of Materion Co. (NYSE:MTRN) hit a new 52-week low on Monday . The stock traded as low as $84.18 and last traded at $85.64, with a volume of 50486 shares. The stock had previously closed at $88.77.

Materion Stock Down 4.5 %

The firm has a market capitalization of $1.76 billion, a PE ratio of 292.28 and a beta of 1.20. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $97.57 and a two-hundred day moving average of $105.05.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter last year, the business posted $1.41 EPS. Materion’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Materion Co. will post 5.5 EPS for the current year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a $0.135 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 annualized dividend and a dividend yield of 0.64%. Materion’s dividend payout ratio (DPR) is 186.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at $1,481,343.68. This represents a 5.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Materion

Several institutional investors and hedge funds have recently made changes to their positions in MTRN. GAMMA Investing LLC increased its holdings in shares of Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Materion by 269.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock valued at $43,000 after buying an additional 318 shares during the period. Quest Partners LLC raised its position in shares of Materion by 118.7% during the third quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 305 shares during the period. KBC Group NV increased its holdings in Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 311 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds 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.