Richard J. Hipple Sells 2,500 Shares of Materion Corporation (MTRN) Stock

Materion Corporation (NYSE:MTRN) insider Richard J. Hipple sold 2,500 shares of Materion Corporation stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $36.04, for a total value of $90,100.00. Following the sale, the insider now directly owns 79,591 shares in the company, valued at $2,868,459.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Materion Corporation (NYSE MTRN) traded down 0.14% during midday trading on Tuesday, reaching $36.90. The company had a trading volume of 42,088 shares. The firm has a market capitalization of $737.48 million, a P/E ratio of 32.11 and a beta of 1.16. Materion Corporation has a one year low of $23.06 and a one year high of $41.22. The stock’s 50 day moving average price is $35.23 and its 200-day moving average price is $36.52.

Materion Corporation (NYSE:MTRN) last announced its quarterly earnings results on Friday, April 28th. The basic materials company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Materion Corporation had a net margin of 2.40% and a return on equity of 5.50%. The business had revenue of $240.67 million for the quarter, compared to analyst estimates of $231.58 million. During the same quarter in the prior year, the business earned $0.27 EPS. Materion Corporation’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Materion Corporation will post $1.50 earnings per share for the current year.

Insider Buying and Selling by Quarter for Materion Corporation (NYSE:MTRN)

The business also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Wednesday, May 17th were paid a $0.10 dividend. The ex-dividend date was Monday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Materion Corporation’s previous quarterly dividend of $0.10. Materion Corporation’s dividend payout ratio is 34.78%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in MTRN. BlackRock Inc. raised its position in shares of Materion Corporation by 12,689.6% in the first quarter. BlackRock Inc. now owns 2,645,014 shares of the basic materials company’s stock worth $88,740,000 after buying an additional 2,624,333 shares during the period. Vanguard Group Inc. raised its position in shares of Materion Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 1,879,751 shares of the basic materials company’s stock worth $63,066,000 after buying an additional 108,041 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Materion Corporation by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,473 shares of the basic materials company’s stock worth $66,469,000 after buying an additional 89,780 shares during the period. Ameriprise Financial Inc. raised its position in shares of Materion Corporation by 12.4% in the first quarter. Ameriprise Financial Inc. now owns 649,987 shares of the basic materials company’s stock worth $21,808,000 after buying an additional 71,786 shares during the period. Finally, State Street Corp raised its position in shares of Materion Corporation by 1.6% in the first quarter. State Street Corp now owns 645,983 shares of the basic materials company’s stock worth $21,668,000 after buying an additional 10,359 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

MTRN has been the topic of a number of recent research reports. Zacks Investment Research downgraded Materion Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Jefferies Group LLC lifted their target price on Materion Corporation from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st.

About Materion Corporation

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MTRN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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