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

Materion Co. (NYSE:MTRN) shares reached a new 52-week low during trading on Thursday . The company traded as low as $95.52 and last traded at $95.52, with a volume of 44386 shares changing hands. The stock had previously closed at $98.88.

Materion Price Performance

The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 26.86 and a beta of 1.21. The stock’s 50-day simple moving average is $109.82 and its 200 day simple moving average is $109.67.

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

Materion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.57%. Materion’s dividend payout ratio (DPR) is 15.21%.

Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the sale, the chief financial officer now owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction 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 approximately $1,414,484.67. The trade was a 14.25 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC grew its holdings in shares of 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 worth $1,023,235,000 after buying an additional 9,051,813 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Materion by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock valued at $131,201,000 after purchasing an additional 12,454 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Materion by 12.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock worth $67,501,000 after purchasing an additional 64,470 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Materion by 0.6% during the third quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock worth $52,246,000 after purchasing an additional 2,953 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Materion by 31.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock valued at $48,010,000 after buying an additional 105,969 shares during the last quarter. Hedge funds and other institutional investors 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.