Materion Corp (NYSE:MTRN) Director Craig S. Shular sold 5,267 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $52.73, for a total value of $277,728.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Materion Corp (MTRN) traded up $0.40 during trading on Friday, reaching $45.95. The company’s stock had a trading volume of 137,026 shares, compared to its average volume of 111,588. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. The firm has a market cap of $920.98, a PE ratio of 35.35 and a beta of 1.06. Materion Corp has a 12-month low of $31.05 and a 12-month high of $53.92.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. Materion’s payout ratio is presently 30.77%.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Materion in the 3rd quarter worth approximately $128,000. Victory Capital Management Inc. raised its holdings in shares of Materion by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock worth $167,000 after buying an additional 669 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of Materion in the 4th quarter worth approximately $219,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Materion in the 3rd quarter worth approximately $205,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Materion by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after buying an additional 34 shares in the last quarter. 90.92% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on MTRN shares. KeyCorp reissued a “hold” rating on shares of Materion in a research report on Monday, November 13th. ValuEngine cut Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Materion from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price target on shares of Materion in a report on Tuesday, January 9th. Finally, BidaskClub cut Materion from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $51.00.
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Materion 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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