Materion (NYSE:MTRN) Reaches New 52-Week Low – Here’s Why

Materion Co. (NYSE:MTRN) hit a new 52-week low during trading on Friday . The company traded as low as $94.14 and last traded at $95.44, with a volume of 8717 shares trading hands. The stock had previously closed at $97.13.

Materion Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The stock has a market capitalization of $1.95 billion, a PE ratio of 26.43 and a beta of 1.24. The company’s fifty day simple moving average is $108.67 and its two-hundred day simple moving average is $109.16.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. As a group, sell-side analysts predict that Materion Co. will post 5.24 EPS for the current year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, November 14th. Materion’s payout ratio is currently 15.21%.

Insider Buying and Selling

In other news, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction on Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the sale, the chief financial officer now owns 13,200 shares of the company’s stock, valued at $1,530,144. The trade was a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Materion

A number of hedge funds have recently added to or reduced their stakes in MTRN. GAMMA Investing LLC lifted its holdings in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 197 shares during the period. Confluence Investment Management LLC raised its stake in Materion by 5.3% during the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 204 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Materion by 38.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock valued at $6,867,000 after purchasing an additional 16,904 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Materion by 9.6% in the 3rd quarter. Synovus Financial Corp now owns 7,507 shares of the basic materials company’s stock valued at $840,000 after purchasing an additional 656 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Materion by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock valued at $52,246,000 after buying an additional 2,953 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.

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.