Materion Co. (NYSE:MTRN) CFO Sells $81,498.20 in Stock

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the transaction, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shelly Marie Chadwick also recently made the following trade(s):

• On Friday, November 29th, Shelly Marie Chadwick sold 1,000 shares of Materion stock. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00.

Materion Stock Up 1.3 %

Shares of MTRN opened at $101.98 on Friday. Materion Co. has a fifty-two week low of $93.20 and a fifty-two week high of $145.08. The company’s fifty day moving average is $103.12 and its two-hundred day moving average is $107.98. The firm has a market cap of $2.12 billion, a PE ratio of 28.73 and a beta of 1.23. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s payout ratio is currently 15.21%.

Institutional Investors Weigh In On Materion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Materion by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 281 shares during the period. Squarepoint Ops LLC purchased a new stake in Materion during the second quarter worth approximately $416,000. The Manufacturers Life Insurance Company increased its position in shares of Materion by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,305 shares of the basic materials company’s stock worth $1,222,000 after acquiring an additional 495 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Materion in the second quarter worth $225,000. Finally, SG Americas Securities LLC purchased a new position in shares of Materion in the 3rd quarter valued at $795,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

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.