Materion Co. Declares Quarterly Dividend of $0.14 (NYSE:MTRN)

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Thursday, August 8th, NASDAQ reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.135 per share by the basic materials company on Friday, September 6th. This represents a $0.54 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, August 23rd.

Materion has raised its dividend payment by an average of 4.2% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Materion has a payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Materion to earn $7.22 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 7.5%.

Materion Stock Down 1.1 %

NYSE:MTRN traded down $1.25 on Friday, hitting $111.66. The stock had a trading volume of 82,439 shares, compared to its average volume of 102,632. The firm’s fifty day simple moving average is $110.95 and its two-hundred day simple moving average is $119.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.91. Materion has a 1 year low of $92.23 and a 1 year high of $145.08. The stock has a market cap of $2.31 billion, a P/E ratio of 28.34 and a beta of 1.19.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. Materion had a net margin of 5.19% and a return on equity of 12.32%. The company had revenue of $425.87 million during the quarter, compared to analyst estimates of $424.02 million. During the same quarter last year, the business posted $1.38 EPS. Materion’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that Materion will post 5.75 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $113.31, for a total value of $226,620.00. Following the completion of the transaction, the vice president now directly owns 18,031 shares of the company’s stock, valued at approximately $2,043,092.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $113.31, for a total value of $226,620.00. Following the completion of the transaction, the vice president now directly owns 18,031 shares of the company’s stock, valued at approximately $2,043,092.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Emily M. Liggett sold 1,152 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $111.86, for a total transaction of $128,862.72. Following the completion of the transaction, the director now directly owns 2,621 shares of the company’s stock, valued at $293,185.06. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MTRN has been the subject of several research analyst reports. KeyCorp decreased their price target on shares of Materion from $156.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday.

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.