Materion Corporation (NYSE:MTRN) Director Richard J. Hipple sold 8,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $49.76, for a total transaction of $398,080.00. Following the completion of the transaction, the director now directly owns 43,224 shares in the company, valued at approximately $2,150,826.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Materion Corporation (NYSE:MTRN) opened at $49.65 on Friday. Materion Corporation has a 12 month low of $31.05 and a 12 month high of $52.10. The stock has a market cap of $1,012.20, a price-to-earnings ratio of 33.89 and a beta of 1.11. The company has a quick ratio of 1.48, a current ratio of 3.42 and a debt-to-equity ratio of 0.01.
Materion Corporation (NYSE:MTRN) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. Materion Corporation had a net margin of 2.48% and a return on equity of 6.08%. The company had revenue of $294.27 million during the quarter, compared to analysts’ expectations of $290.96 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue was up 17.9% on a year-over-year basis. analysts forecast that Materion Corporation will post 1.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. Materion Corporation’s dividend payout ratio (DPR) is 30.77%.
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Several institutional investors have recently made changes to their positions in MTRN. Prudential Financial Inc. boosted its stake in shares of Materion Corporation by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 34,431 shares of the basic materials company’s stock valued at $1,155,000 after purchasing an additional 200 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Materion Corporation by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 39,595 shares of the basic materials company’s stock valued at $1,328,000 after purchasing an additional 1,280 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Materion Corporation by 1.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,096 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 96 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Materion Corporation by 1.4% in the 1st quarter. Legal & General Group Plc now owns 34,264 shares of the basic materials company’s stock valued at $1,147,000 after purchasing an additional 482 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Materion Corporation by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 1,879,751 shares of the basic materials company’s stock valued at $63,066,000 after purchasing an additional 108,041 shares in the last quarter. 88.89% of the stock is owned by institutional investors.
MTRN has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Materion Corporation in a report on Thursday, October 12th. BidaskClub raised shares of Materion Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Materion Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, KeyCorp reissued a “hold” rating on shares of Materion Corporation in a report on Monday, November 13th.
Materion Corporation Company Profile
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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