Materion Co. (NYSE:MTRN) VP Sells $160,900.00 in Stock

Materion Co. (NYSE:MTRN) VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $80.45, for a total value of $160,900.00. Following the sale, the vice president now owns 13,376 shares in the company, valued at $1,076,099.20. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Materion Trading Down 1.4 %

NYSE:MTRN opened at $78.43 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. Materion Co. has a 52-week low of $69.10 and a 52-week high of $123.21. The stock’s 50 day moving average price is $82.29 and its 200 day moving average price is $96.99. The company has a market capitalization of $1.63 billion, a PE ratio of 270.43 and a beta of 0.85.

Materion (NYSE:MTRN) last announced its earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $420.33 million for the quarter, compared to analysts’ expectations of $396.83 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. On average, research analysts anticipate that Materion Co. will post 5.5 EPS for the current year.

Hedge Funds Weigh In On Materion

Several institutional investors have recently added to or reduced their stakes in MTRN. JPMorgan Chase & Co. lifted its position in Materion by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after acquiring an additional 16,904 shares during the period. GAMMA Investing LLC raised its stake in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 197 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Materion during the fourth quarter worth $415,000. Raymond James Financial Inc. purchased a new position in Materion in the 4th quarter valued at $10,399,000. Finally, Choreo LLC acquired a new position in Materion in the 4th quarter valued at $315,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.