Materion Corporation (NYSE:MTRN) Plans Quarterly Dividend of $0.14

Key Points

• Materion Corporation has announced a quarterly dividend of $0.14 per share, to be paid on September 5th for investors of record on August 22nd, reflecting an annualized yield of 0.5%.
• The company reported $1.37 earnings per share for the last quarter, surpassing estimates, and generated revenues of $431.66 million, indicating a 1.4% year-over-year revenue growth.
• Institutional investors own 93.56% of Materion's stock, with recent activity including significant stake increases by various hedge funds.

Materion Corporation (NYSE:MTRN - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.14 per share by the basic materials company on Friday, September 5th. This represents a c) dividend on an annualized basis and a yield of 0.5%.

Materion has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Materion to earn $7.05 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.9%.

Materion Stock Up 0.7%

Shares of NYSE:MTRN traded up $0.81 on Wednesday, reaching $109.37. The company had a trading volume of 240,204 shares, compared to its average volume of 150,234. The stock has a 50-day moving average price of $85.72 and a 200 day moving average price of $86.40. Materion has a twelve month low of $69.10 and a twelve month high of $123.21. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.27 billion, a P/E ratio of 136.71 and a beta of 0.85.

Materion (NYSE:MTRN - Get Free Report) last posted 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 business had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. Materion had a net margin of 0.94% and a return on equity of 12.69%. Materion's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. On average, equities analysts expect that Materion will post 5.5 EPS for the current year.

Insider Activity

In related news, CAO Melissa A. Fashinpaur sold 1,140 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the sale, the vice president directly owned 10,376 shares in the company, valued at $1,091,243.92. This trade represents a 22.43% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Materion

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new position in shares of Materion in the first quarter worth about $34,000. First Horizon Advisors Inc. boosted its stake in shares of Materion by 25.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 118 shares during the last quarter. CWM LLC grew its position in shares of Materion by 387.0% during 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. GAMMA Investing LLC lifted its holdings in Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after buying an additional 1,885 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Materion in the 1st quarter valued at $201,000. 93.56% of the stock is owned by institutional investors and hedge funds.

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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