Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz Sells 3,000 Shares

Key Points

• Gregory R. Chemnitz, VP of Materion Corporation, sold 3,000 shares of stock for a total of $315,510, decreasing his ownership by 22.43%.
• Materion recently reported earnings of $1.37 EPS, exceeding analyst expectations, with quarterly revenue of $431.66 million, up 1.4% year-over-year.
• Institutional investors hold 93.56% of Materion's stock, with First Horizon Advisors increasing its stake by 25.3% in the latest quarter.

Materion Corporation (NYSE:MTRN - Get Free Report) VP Gregory R. Chemnitz sold 3,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.17, for a total transaction of $315,510.00. Following the transaction, the vice president owned 10,376 shares in the company, valued at approximately $1,091,243.92. This trade represents a 22.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Materion Trading Down 0.5%

Shares of Materion stock traded down $0.56 during trading on Friday, reaching $108.58. 16,213 shares of the company were exchanged, compared to its average volume of 150,042. The business has a 50-day moving average price of $86.97 and a 200-day moving average price of $86.61. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 135.93 and a beta of 0.85. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $123.21.

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

Materion Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MTRN shares. Wall Street Zen cut Materion from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. KeyCorp upgraded Materion from a "sector weight" rating to an "overweight" rating and set a $112.00 price target on the stock in a report on Friday, July 18th.

Institutional Investors Weigh In On Materion

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in shares of Materion during the first quarter worth $34,000. First Horizon Advisors Inc. increased its holdings in 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 in the last quarter. CWM LLC raised its stake in shares of Materion by 387.0% in the 2nd quarter. CWM LLC now owns 1,232 shares of the basic materials company's stock valued at $98,000 after purchasing an additional 979 shares during the period. GAMMA Investing LLC raised its stake in shares of Materion by 722.2% in the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 1,885 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Materion in the first quarter valued at about $201,000. Institutional investors and hedge funds own 93.56% of the company's stock.

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.