Materion Corporation (NYSE:MTRN) CAO Sells $120,087.60 in Stock

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 Materion stock in a transaction dated Monday, August 4th. The shares were 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 SEC, which is available through the SEC website.

Materion Trading Down 2.4%

Materion stock traded down $2.64 during mid-day trading on Friday, hitting $106.51. The company's stock had a trading volume of 242,739 shares, compared to its average volume of 281,763. Materion Corporation has a 12 month low of $69.10 and a 12 month 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 business has a 50 day moving average price of $87.55 and a 200-day moving average price of $86.42. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 133.13 and a beta of 0.85.

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

Materion Announces Dividend

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 given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.5%. Materion's dividend payout ratio (DPR) is currently 70.00%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Capital Research Global Investors raised its holdings in Materion by 16.3% in the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock worth $181,789,000 after acquiring an additional 257,637 shares during the last quarter. Trigran Investments Inc. increased its stake in shares of Materion by 7.7% in the 1st quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company's stock worth $64,853,000 after purchasing an additional 56,935 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Materion by 7.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock worth $54,917,000 after purchasing an additional 47,240 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Materion by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company's stock worth $38,673,000 after purchasing an additional 10,468 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Materion by 6.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock worth $46,830,000 after purchasing an additional 30,262 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

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.