Materion Co. (NYSE:MTRN) Short Interest Down 19.5% in November

Materion Co. (NYSE:MTRN) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 372,500 shares, a drop of 19.5% from the November 15th total of 462,700 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 93,500 shares, the short-interest ratio is currently 4.0 days.

Insider Buying and Selling

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the sale, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Materion

Institutional investors have recently modified their holdings of the company. Quest Partners LLC lifted its stake in Materion by 25,600.0% during the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. ARK Investment Management LLC bought a new position in shares of Materion in the third quarter valued at $85,000. Algert Global LLC acquired a new stake in shares of Materion during the 2nd quarter valued at $225,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Materion during the 2nd quarter worth $247,000. Finally, Centiva Capital LP acquired a new position in shares of Materion in the 3rd quarter worth $259,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Performance

MTRN stock traded down $2.46 during trading on Monday, reaching $108.14. 89,118 shares of the company’s stock were exchanged, compared to its average volume of 96,780. The firm has a market cap of $2.24 billion, a PE ratio of 31.15 and a beta of 1.21. The company’s fifty day moving average price is $110.83 and its 200-day moving average price is $110.52. Materion has a 1-year low of $96.18 and a 1-year high of $145.08. 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 (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. During the same period in the previous year, the firm earned $1.39 EPS. Materion’s revenue was up 8.3% on a year-over-year basis. On average, research analysts expect that Materion will post 5.24 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 14th. Materion’s dividend payout ratio (DPR) is presently 15.21%.

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.