Materion (NYSE:MTRN) Hits New 12-Month Low at $52.83

Materion Corp (NYSE:MTRN)’s stock price reached a new 52-week low on Friday . The company traded as low as $52.83 and last traded at $53.06, with a volume of 136351 shares changing hands. The stock had previously closed at $55.04.

A number of analysts have recently weighed in on MTRN shares. Zacks Investment Research upgraded shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. ValuEngine cut shares of Materion from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, TheStreet cut shares of Materion from a “b-” rating to a “c+” rating in a report on Tuesday, December 31st.

The firm has a market capitalization of $1.16 billion, a P/E ratio of 74.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.23 and a current ratio of 3.75. The business’s fifty day moving average price is $58.63 and its two-hundred day moving average price is $59.68.

Materion (NYSE:MTRN) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Materion had a net margin of 1.25% and a return on equity of 11.28%. The business had revenue of $280.20 million for the quarter, compared to analysts’ expectations of $295.33 million. During the same period last year, the business earned $0.65 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts predict that Materion Corp will post 3.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Wednesday, February 19th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, February 18th. Materion’s dividend payout ratio is currently 18.49%.

In related news, Director Craig S. Shular sold 4,637 shares of Materion stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $60.65, for a total value of $281,234.05. Following the completion of the sale, the director now directly owns 4,637 shares in the company, valued at approximately $281,234.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Wakefield Asset Management LLLP boosted its stake in Materion by 2.6% in the 3rd quarter. Wakefield Asset Management LLLP now owns 8,179 shares of the basic materials company’s stock worth $502,000 after purchasing an additional 207 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Materion by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,039 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 224 shares in the last quarter. Amalgamated Bank boosted its stake in Materion by 7.4% in the 4th quarter. Amalgamated Bank now owns 3,669 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 253 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Materion by 73.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 605 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 256 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Materion by 1.0% in the 4th quarter. Prudential Financial Inc. now owns 32,910 shares of the basic materials company’s stock worth $1,956,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 89.19% of the company’s stock.

About Materion (NYSE:MTRN)

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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