Materion Corporation (NYSE:MTRN) CAO Melissa A. Fashinpaur Sells 1,140 Shares

Key Points

• CAO Melissa A. Fashinpaur sold 1,140 shares of Materion Corporation stock at an average price of $105.34, totaling $120,087.60.
• Materion reported earnings of $1.37 EPS for the last quarter, exceeding estimates by $0.19, with revenue reaching $431.66 million.
• Analysts recently changed ratings on Materion, with some upgrading to "overweight" while others lowered their rating to "hold".

Materion Corporation (NYSE:MTRN - Get Free Report) CAO Melissa A. Fashinpaur sold 1,140 shares of the business's 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 SEC, which is accessible through this hyperlink.

Materion Price Performance

Shares of MTRN stock traded down $0.54 during trading hours on Friday, hitting $108.60. 16,213 shares of the company's stock were exchanged, compared to its average volume of 150,042. The stock's 50-day moving average is $86.97 and its 200-day moving average is $86.61. 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 market cap of $2.25 billion, a price-to-earnings ratio of 135.93 and a beta of 0.85. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) 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 firm had revenue of $431.66 million for the quarter, compared to analysts' expectations of $403.73 million. During the same quarter last year, the business earned $1.42 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. Materion's dividend payout ratio is currently 70.00%.

Analyst Ratings Changes

MTRN has been the subject of several recent research reports. KeyCorp raised shares of Materion from a "sector weight" rating to an "overweight" rating and set a $112.00 price objective for the company in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Materion from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Institutional Trading of Materion

A number of institutional investors have recently modified their holdings of MTRN. LPL Financial LLC grew its stake in Materion by 6.9% during the fourth quarter. LPL Financial LLC now owns 3,740 shares of the basic materials company's stock worth $370,000 after purchasing an additional 241 shares during the period. JPMorgan Chase & Co. lifted its holdings in Materion by 69.1% during the fourth quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock worth $10,264,000 after acquiring an additional 42,414 shares during the period. Norges Bank bought a new stake in shares of Materion in the fourth quarter valued at $5,037,000. Pictet Asset Management Holding SA raised its stake in shares of Materion by 30.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,052 shares of the basic materials company's stock valued at $302,000 after buying an additional 713 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Materion in the fourth quarter valued at $298,000. 93.56% of the stock is currently owned by 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.