Materion (NYSE:MTRN) Sets New 52-Week Low – Should You Sell?

Materion Co. (NYSE:MTRN)’s share price reached a new 52-week low on Monday . The stock traded as low as $92.82 and last traded at $93.09, with a volume of 73761 shares trading hands. The stock had previously closed at $95.57.

Materion Trading Down 2.6 %

The business’s 50-day simple moving average is $99.94 and its 200-day simple moving average is $106.64. The company has a market cap of $1.93 billion, a PE ratio of 321.00 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. During the same period last year, the company earned $1.41 earnings per share. Materion’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is presently 186.21%.

Insider Transactions at Materion

In other news, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Materion

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC grew its holdings in Materion by 9,463.5% during the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares during the last quarter. Vanguard Group Inc. grew its stake in Materion by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company’s stock valued at $249,488,000 after buying an additional 25,888 shares during the last quarter. Capital Research Global Investors grew its stake in Materion by 16.3% in the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company’s stock valued at $181,789,000 after buying an additional 257,637 shares during the last quarter. Trigran Investments Inc. raised its holdings in Materion by 3.2% in the 4th quarter. Trigran Investments Inc. now owns 737,830 shares of the basic materials company’s stock worth $72,957,000 after acquiring an additional 23,208 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Materion by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company’s stock worth $61,876,000 after acquiring an additional 22,322 shares during the last quarter. 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.