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

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. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Friday, August 22nd.

Materion has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Research 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 Down 2.4%

Shares of MTRN stock traded down $2.64 during trading hours on Friday, reaching $106.51. 242,739 shares of the company's stock were exchanged, compared to its average volume of 281,763. Materion has a 1 year low of $69.10 and a 1 year high of $123.21. The stock has a market cap of $2.21 billion, a PE ratio of 133.13 and a beta of 0.85. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock's fifty day moving average price is $87.55 and its two-hundred day moving average price is $86.42.

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

Insider Activity at Materion

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its position in Materion by 16.3% during the fourth quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock valued at $181,789,000 after acquiring an additional 257,637 shares in the last quarter. Trigran Investments Inc. grew its holdings in Materion by 7.7% in the first quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company's stock valued at $64,853,000 after purchasing an additional 56,935 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Materion by 7.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock valued at $54,917,000 after purchasing an additional 47,240 shares during the period. Geode Capital Management LLC grew its holdings in Materion by 2.2% in the second quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company's stock valued at $38,673,000 after purchasing an additional 10,468 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Materion by 6.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock valued at $46,830,000 after purchasing an additional 30,262 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Company Profile

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.