Materion (NYSE:MTRN) Reaches New 1-Year Low – Time to Sell?

Materion Co. (NYSE:MTRN)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $95.52 and last traded at $95.52, with a volume of 44386 shares changing hands. The stock had previously closed at $98.88.

Materion Stock Performance

The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.02 billion, a PE ratio of 27.36 and a beta of 1.24. The firm has a 50 day moving average price of $109.50 and a 200-day moving average price of $109.50.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million during 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 company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Research analysts expect that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, November 14th. Materion’s payout ratio is 15.21%.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the transaction, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the 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 completion of the sale, the chief financial officer now owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. The trade was a 7.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Trading of Materion

A number of hedge funds and other institutional investors have recently made changes to their positions in MTRN. GAMMA Investing LLC increased its position in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Quest Partners LLC boosted its position 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 during the period. ARK Investment Management LLC acquired a new stake in shares of Materion in the third quarter valued at $85,000. Algert Global LLC purchased a new stake in shares of Materion in the 2nd quarter valued at $225,000. Finally, Deerfield Management Company L.P. Series C acquired a new position in Materion during the 2nd quarter worth about $247,000. Institutional investors and hedge funds 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.