Materion (NYSE:MTRN) Cut to Sell at StockNews.com

StockNews.com lowered shares of Materion (NYSE:MTRN) from a hold rating to a sell rating in a research note released on Wednesday morning.

Separately, KeyCorp cut their price objective on Materion from $156.00 to $152.00 and set an overweight rating for the company in a report on Friday, May 10th.

Materion Trading Down 4.5 %

Shares of Materion stock opened at $107.48 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 2.91 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 26.94 and a beta of 1.19. The business has a fifty day simple moving average of $111.22 and a 200-day simple moving average of $119.26. Materion has a fifty-two week low of $92.23 and a fifty-two week high of $145.08.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $385.29 million during the quarter, compared to analyst estimates of $386.84 million. Materion had a net margin of 5.19% and a return on equity of 12.32%. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. On average, equities analysts forecast that Materion will post 5.75 EPS for the current fiscal year.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.50%. This is an increase from Materion’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, May 22nd. Materion’s dividend payout ratio is currently 13.53%.

Insider Activity

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $113.31, for a total transaction of $226,620.00. Following the completion of the sale, the vice president now directly owns 18,031 shares of the company’s stock, valued at $2,043,092.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $113.31, for a total transaction of $226,620.00. Following the transaction, the vice president now directly owns 18,031 shares of the company’s stock, valued at $2,043,092.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily M. Liggett sold 1,152 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $111.86, for a total value of $128,862.72. Following the transaction, the director now directly owns 2,621 shares in the company, valued at $293,185.06. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MTRN. CENTRAL TRUST Co raised its position in Materion by 529.0% during the fourth quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company’s stock valued at $25,000 after buying an additional 164 shares during the period. Opal Wealth Advisors LLC acquired a new position in Materion in the 2nd quarter worth about $25,000. Lynx Investment Advisory acquired a new position in Materion in the 2nd quarter worth about $38,000. Quest Partners LLC acquired a new position in Materion in the 4th quarter worth about $44,000. Finally, SRS Capital Advisors Inc. increased its position in Materion by 285.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 428 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 317 shares during the last quarter. 93.56% of the stock is 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.