Gregory Chemnitz Sells 864 Shares of Materion (NYSE:MTRN) Stock

Materion Corporation (NYSE:MTRN) VP Gregory Chemnitz sold 864 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $113.23, for a total transaction of $97,830.72. Following the completion of the sale, the vice president directly owned 10,376 shares in the company, valued at approximately $1,174,874.48. This trade represents a 7.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Materion Trading Up 0.4%

NYSE MTRN opened at $115.64 on Friday. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $135.33. The firm has a 50 day moving average of $120.23 and a two-hundred day moving average of $99.64. The company has a quick ratio of 1.25, a current ratio of 3.28 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $2.40 billion, a PE ratio of 121.72 and a beta of 0.91.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. The business had revenue of $230.20 million for the quarter. Materion had a net margin of 1.12% and a return on equity of 12.66%. As a group, research analysts expect that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 13th. Materion’s payout ratio is 58.95%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Materion by 28.0% in the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after acquiring an additional 283,998 shares during the period. American Century Companies Inc. increased its holdings in shares of Materion by 222.3% in the 2nd quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock valued at $18,923,000 after acquiring an additional 164,433 shares during the period. Nuveen LLC purchased a new stake in Materion in the 1st quarter valued at $9,707,000. JPMorgan Chase & Co. boosted its stake in Materion by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Materion by 41.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,106 shares of the basic materials company’s stock worth $23,592,000 after purchasing an additional 84,482 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. KeyCorp upped their price target on Materion from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Materion currently has an average rating of “Hold” and a consensus target price of $117.00.

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.