Materion Corporation (NYSE:MTRN) insider Richard J. Hipple sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $36.19, for a total transaction of $90,475.00. Following the sale, the insider now owns 82,091 shares of the company’s stock, valued at $2,970,873.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Materion Corporation (NYSE MTRN) traded down 0.14% during midday trading on Friday, reaching $36.45. 161,866 shares of the company were exchanged. The firm has a market capitalization of $728.49 million, a PE ratio of 31.72 and a beta of 1.16. Materion Corporation has a 52 week low of $23.06 and a 52 week high of $41.22. The company 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 earnings results on Friday, April 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $240.67 million during the quarter, compared to analyst estimates of $231.58 million. Materion Corporation had a net margin of 2.40% and a return on equity of 5.50%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities analysts predict that Materion Corporation will post $1.50 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Wednesday, May 17th were paid a dividend of $0.10 per share. This is a positive change from Materion Corporation’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, May 15th. Materion Corporation’s payout ratio is currently 34.78%.
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A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday. Jefferies Group LLC upped their price target on shares of Materion Corporation from $30.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, February 21st.
Several hedge funds have recently modified their holdings of MTRN. First Midwest Bank Trust Division raised its stake in shares of Materion Corporation by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 7,222 shares of the basic materials company’s stock worth $242,000 after buying an additional 231 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Materion Corporation by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,473 shares of the basic materials company’s stock worth $66,469,000 after buying an additional 89,780 shares in the last quarter. Comerica Bank raised its stake in shares of Materion Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 21,281 shares of the basic materials company’s stock worth $842,000 after buying an additional 1,151 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Materion Corporation during the fourth quarter worth about $401,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Materion Corporation during the fourth quarter worth about $321,000. 89.98% of the stock is owned by hedge funds and other institutional investors.
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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