Materion Corporation (NYSE:MTRN) Director Sells $121,794.75 in Stock

Key Points

• N Mohan Reddy, a director at Materion Corporation, sold 1,155 shares of stock for a total of $121,794.75 on August 11th at an average price of $105.45.
• Materion recently reported earnings per share (EPS) of $1.37, exceeding the consensus estimate of $1.18, with a revenue of $431.66 million for the quarter.
• The company announced a quarterly dividend of $0.14 per share, which will be paid on September 5th to shareholders of record on August 22nd.

Materion Corporation (NYSE:MTRN - Get Free Report) Director N Mohan Reddy sold 1,155 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.45, for a total value of $121,794.75. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Materion Price Performance

Shares of NYSE MTRN traded up $1.48 during mid-day trading on Wednesday, reaching $111.62. 68,762 shares of the company traded hands, compared to its average volume of 151,482. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. The stock has a fifty day simple moving average of $88.81 and a 200-day simple moving average of $86.60. The firm has a market cap of $2.31 billion, a PE ratio of 139.56 and a beta of 0.85.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.19. The firm had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. Materion had a return on equity of 12.69% and a net margin of 0.94%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. Equities research analysts anticipate that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. Materion's dividend payout ratio is presently 70.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in Materion during the 1st quarter worth $34,000. First Horizon Advisors Inc. lifted its position in shares of Materion by 25.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company's stock worth $46,000 after purchasing an additional 118 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Materion during the 2nd quarter valued at approximately $50,000. TD Waterhouse Canada Inc. acquired a new stake in Materion in the 2nd quarter valued at approximately $53,000. Finally, CWM LLC increased its position in Materion by 387.0% in the 2nd quarter. CWM LLC now owns 1,232 shares of the basic materials company's stock worth $98,000 after buying an additional 979 shares during the period. 93.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MTRN has been the topic of a number of recent analyst reports. KeyCorp reaffirmed an "overweight" rating and issued a $117.00 target price (up from $115.00) on shares of Materion in a research report on Wednesday. Wall Street Zen cut shares of Materion from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

About Materion

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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