Materion Corporation (NYSE:MTRN) insider Richard J. Hipple sold 2,500 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $36.37, for a total transaction of $90,925.00. Following the completion of the sale, the insider now directly owns 89,591 shares in the company, valued at $3,258,424.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Materion Corporation (MTRN) traded up 1.37% during midday trading on Monday, reaching $36.95. The company had a trading volume of 126,198 shares. The company has a market capitalization of $738.48 million, a P/E ratio of 32.16 and a beta of 1.16. Materion Corporation has a 1-year low of $23.06 and a 1-year high of $41.22. The firm has a 50-day moving average of $35.26 and a 200 day moving average of $36.56.
Materion Corporation (NYSE:MTRN) last issued its quarterly earnings data on Friday, April 28th. The basic materials company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $240.67 million for the quarter, compared to analyst estimates of $231.58 million. Materion Corporation had a return on equity of 5.50% and a net margin of 2.40%. Materion Corporation’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. On average, equities research analysts forecast that Materion Corporation will post $1.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Wednesday, May 17th were given a dividend of $0.10 per share. This is an increase from Materion Corporation’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. Materion Corporation’s dividend payout ratio (DPR) is presently 34.78%.
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Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Materion Corporation during the first quarter worth $115,000. Victory Capital Management Inc. increased its stake in shares of Materion Corporation by 50.5% in the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,271 shares during the period. Mason Street Advisors LLC increased its stake in shares of Materion Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock worth $157,000 after buying an additional 308 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Materion Corporation during the first quarter worth about $160,000. Finally, PNC Financial Services Group Inc. increased its stake in Materion Corporation by 1.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,096 shares of the basic materials company’s stock valued at $171,000 after buying an additional 96 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday. Jefferies Group LLC raised their price target on Materion Corporation from $30.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, February 21st.
About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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