Materion Corporation (NYSE:MTRN) Director Richard J. Hipple sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $50.00, for a total value of $400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Materion Corporation (NYSE MTRN) opened at $51.55 on Friday. The company has a quick ratio of 1.48, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1,015.20, a price-to-earnings ratio of 33.99 and a beta of 1.11. Materion Corporation has a 12 month low of $31.05 and a 12 month high of $52.10.

Materion Corporation (NYSE:MTRN) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Materion Corporation had a return on equity of 6.08% and a net margin of 2.48%. The business had revenue of $294.27 million during the quarter, compared to analyst estimates of $290.96 million. During the same quarter in the prior year, the business posted $0.46 EPS. Materion Corporation’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts anticipate that Materion Corporation will post 1.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. Materion Corporation’s payout ratio is presently 30.77%.

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A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 34 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Materion Corporation by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,496 shares of the basic materials company’s stock worth $580,000 after buying an additional 58 shares in the last quarter. Texas Permanent School Fund increased its stake in Materion Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 14,592 shares of the basic materials company’s stock worth $546,000 after buying an additional 148 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Materion Corporation by 0.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 23,280 shares of the basic materials company’s stock worth $871,000 after buying an additional 150 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Materion Corporation by 2.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,120 shares of the basic materials company’s stock worth $267,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Materion Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, September 27th. BidaskClub lowered Materion Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $36.00 price objective on shares of Materion Corporation in a research note on Thursday, October 12th.

Materion Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Materion Corporation (NYSE:MTRN)

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