Materion Co. (NYSE:MTRN - Get Free Report) Director Emily M. Liggett sold 1,152 shares of Materion stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $111.86, for a total value of $128,862.72. Following the transaction, the director now directly owns 2,621 shares in the company, valued at approximately $293,185.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Materion Stock Performance
Materion stock traded up $1.88 during mid-day trading on Friday, reaching $117.02. 102,055 shares of the company's stock were exchanged, compared to its average volume of 101,285. The business's fifty day simple moving average is $123.13 and its 200 day simple moving average is $121.48. The firm has a market capitalization of $2.43 billion, a PE ratio of 28.80 and a beta of 1.17. Materion Co. has a one year low of $92.23 and a one year high of $145.08. The company has a quick ratio of 1.07, a current ratio of 2.91 and a debt-to-equity ratio of 0.50.
Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.02). The business had revenue of $385.29 million for the quarter, compared to the consensus estimate of $386.84 million. Materion had a return on equity of 12.32% and a net margin of 5.19%. The business's revenue was down 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share. On average, sell-side analysts expect that Materion Co. will post 5.86 earnings per share for the current year.
Materion Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be paid a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from Materion's previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 0.46%. Materion's payout ratio is presently 13.03%.
Institutional Trading of Materion
Several hedge funds have recently made changes to their positions in the company. Aurora Investment Counsel raised its stake in shares of Materion by 1.2% during the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company's stock valued at $846,000 after purchasing an additional 80 shares during the period. New York State Common Retirement Fund raised its stake in shares of Materion by 0.3% during the 3rd quarter. New York State Common Retirement Fund now owns 37,474 shares of the basic materials company's stock valued at $3,819,000 after purchasing an additional 106 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Materion by 6.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,133 shares of the basic materials company's stock valued at $278,000 after purchasing an additional 133 shares during the period. CENTRAL TRUST Co raised its stake in shares of Materion by 529.0% during the 4th quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 164 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of Materion by 0.7% during the 4th quarter. New York State Teachers Retirement System now owns 35,472 shares of the basic materials company's stock valued at $4,616,000 after purchasing an additional 239 shares during the period. 93.56% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, KeyCorp dropped their price target on Materion from $156.00 to $152.00 and set an "overweight" rating on the stock in a report on Friday, May 10th.
Read Our Latest Stock Analysis on Materion
About Materion
(Get Free Report)
Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.
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