Materion (NYSE:MTRN) Hits New 12-Month Low – Here’s What Happened

Materion Co. (NYSE:MTRN)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $84.18 and last traded at $85.64, with a volume of 50486 shares changing hands. The stock had previously closed at $88.77.

Materion Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The firm has a market cap of $1.75 billion, a P/E ratio of 290.12 and a beta of 1.20. The business has a 50-day simple moving average of $97.00 and a 200 day simple moving average of $104.61.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.43 by $0.12. The business had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 EPS. On average, analysts anticipate that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 20th. Materion’s payout ratio is currently 186.21%.

Insiders Place Their Bets

In related news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Materion

Large investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in Materion by 6.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company’s stock valued at $46,830,000 after purchasing an additional 30,262 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of Materion by 155.9% in the fourth quarter. Voloridge Investment Management LLC now owns 9,518 shares of the basic materials company’s stock worth $941,000 after acquiring an additional 5,798 shares during the period. Squarepoint Ops LLC grew its position in Materion by 240.3% during the 4th quarter. Squarepoint Ops LLC now owns 7,120 shares of the basic materials company’s stock worth $704,000 after purchasing an additional 5,028 shares during the period. State of Wyoming raised its stake in shares of Materion by 5.6% during the 4th quarter. State of Wyoming now owns 12,054 shares of the basic materials company’s stock valued at $1,192,000 after buying an additional 638 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of Materion by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 4,613 shares of the basic materials company’s stock valued at $456,000 after buying an additional 263 shares during the period. Institutional investors 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.