Materion Corporation (MTRN) Director Sells $398,080.00 in Stock
Materion Corporation (NYSE:MTRN) Director Richard J. Hipple sold 8,000 shares of Materion Corporation stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $49.76, for a total transaction of $398,080.00. Following the transaction, the director now owns 43,224 shares of the company’s stock, valued at $2,150,826.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Materion Corporation (NYSE MTRN) traded up $0.35 during mid-day trading on Thursday, reaching $49.80. 118,417 shares of the company’s stock traded hands, compared to its average volume of 91,512. The company has a market capitalization of $1,012.20, a price-to-earnings ratio of 33.89 and a beta of 1.11. The company has a current ratio of 3.42, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. Materion Corporation has a twelve month low of $31.05 and a twelve month high of $52.10.
Materion Corporation (NYSE:MTRN) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $294.27 million for the quarter, compared to analyst estimates of $290.96 million. Materion Corporation had a net margin of 2.48% and a return on equity of 6.08%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. analysts expect that Materion Corporation will post 1.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 7th. Materion Corporation’s dividend payout ratio is 30.77%.
ILLEGAL ACTIVITY WARNING: “Materion Corporation (MTRN) Director Sells $398,080.00 in Stock” was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.watchlistnews.com/materion-corporation-mtrn-director-sells-398080-00-in-stock-2/1708119.html.
Several hedge funds and other institutional investors have recently bought and sold shares of MTRN. PNC Financial Services Group Inc. increased its stake in shares of Materion Corporation by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 34 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Materion Corporation by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 15,496 shares of the basic materials company’s stock valued at $580,000 after acquiring an additional 58 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Materion Corporation by 1.0% during the second quarter. Texas Permanent School Fund now owns 14,592 shares of the basic materials company’s stock valued at $546,000 after acquiring an additional 148 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Materion Corporation by 0.6% during the second quarter. Nisa Investment Advisors LLC now owns 23,280 shares of the basic materials company’s stock valued at $871,000 after acquiring an additional 150 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Materion Corporation by 2.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,120 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 170 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on MTRN. BidaskClub upgraded shares of Materion Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Materion Corporation in a report on Monday. Jefferies Group LLC restated a “hold” rating and set a $36.00 price target on shares of Materion Corporation in a report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Materion Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
Receive News & Ratings for Materion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.