Materion Corporation to Issue Quarterly Dividend of $0.14 (NYSE:MTRN)

Materion Corporation (NYSE:MTRN) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Thursday, November 13th will be given a dividend of 0.14 per share by the basic materials company on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, November 13th.

Materion has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Materion to earn $7.05 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.9%.

Materion Trading Down 1.2%

Materion stock opened at $128.92 on Thursday. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $117.92 and a two-hundred day moving average price of $95.86. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 161.15 and a beta of 0.91. Materion has a 52-week low of $69.10 and a 52-week high of $134.51.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $230.20 million during the quarter. Materion had a net margin of 0.94% and a return on equity of 12.69%. Sell-side analysts expect that Materion will post 5.5 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the sale, the vice president owned 10,376 shares in the company, valued at $1,091,243.92. The trade was a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Insiders have sold 5,295 shares of company stock worth $557,392 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Materion

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Materion by 2.3% during the first quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company’s stock valued at $8,451,000 after acquiring an additional 2,369 shares during the period. GAMMA Investing LLC raised its holdings in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 1,885 shares during the period. Dover Advisors LLC acquired a new stake in shares of Materion during the second quarter valued at approximately $209,000. Intech Investment Management LLC raised its holdings in shares of Materion by 67.6% during the first quarter. Intech Investment Management LLC now owns 122,009 shares of the basic materials company’s stock valued at $9,956,000 after acquiring an additional 49,217 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Materion during the first quarter valued at approximately $248,000. Institutional investors and hedge funds 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.