Shares of Materion Co. (NYSE:MTRN – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $94.14 and last traded at $95.44, with a volume of 8717 shares traded. The stock had previously closed at $97.13.
Materion Stock Down 2.9 %
The firm has a 50-day moving average price of $108.89 and a two-hundred day moving average price of $109.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 26.56 and a beta of 1.24.
Materion (NYSE:MTRN – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. On average, sell-side analysts forecast that Materion Co. will post 5.24 earnings per share for the current year.
Materion Announces Dividend
Insider Buying and Selling at Materion
In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction on 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 sale, the vice president now owns 12,031 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the transaction, the chief financial officer now directly owns 13,200 shares in the company, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Materion
Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 197 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Materion by 25,600.0% during the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. ARK Investment Management LLC purchased a new position in shares of Materion during the third quarter valued at approximately $85,000. Algert Global LLC acquired a new stake in Materion during the second quarter worth approximately $225,000. Finally, Deerfield Management Company L.P. Series C acquired a new position in Materion in the 2nd quarter valued at $247,000. Hedge funds and other institutional investors 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.
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