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Materion Corp (NYSE:MTRN) Director William B. Lawrence sold 1,379 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.54, for a total value of $47,630.66. Following the completion of the transaction, the director now directly owns 8,907 shares in the company, valued at approximately $307,648. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Materion Corp from $36.00 to $39.00 in a research note on Thursday, May 1st. Separately, analysts at Davidson raised their price target on shares of Materion Corp from $41.00 to $43.00 in a research note on Friday, April 25th. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Materion Corp in a research note on Friday, April 25th. They now have a $43.00 price target on the stock.

Materion Corp (NYSE:MTRN) traded down 1.31% during mid-day trading on Tuesday, hitting $33.99. 21,586 shares of the company’s stock traded hands. Materion Corp has a 52 week low of $25.21 and a 52 week high of $36.24. The stock’s 50-day moving average is $34.0 and its 200-day moving average is $30.3. The company has a market cap of $700.0 million and a price-to-earnings ratio of 35.84.

Materion Corp (NYSE:MTRN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $258.90 million for the quarter, compared to the consensus estimate of $276.50 million. During the same quarter last year, the company posted $0.33 earnings per share. Materion Corp’s revenue was down 13.5% compared to the same quarter last year. Analysts expect that Materion Corp will post $1.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Materion Corp’s previous quarterly dividend of $0.08.

Materion Corporation, formerly Brush Engineered Materials Inc, is a holding Company. The Company, through its wholly owned subsidiaries, is an integrated producer of advanced engineered materials used in a variety of electrical, electronic, thermal and structural applications.

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