Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the completion of the transaction, the vice president now directly owns 13,061 shares of the company’s stock, valued at $647,825.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Materion Corporation (NYSE MTRN) traded up 0.88% on Tuesday, reaching $51.35. 162,516 shares of the company’s stock traded hands. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 41.44 and a beta of 1.14. The firm’s 50-day moving average is $42.07 and its 200-day moving average is $38.08. Materion Corporation has a 52-week low of $29.50 and a 52-week high of $51.85.

Materion Corporation (NYSE:MTRN) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Materion Corporation had a net margin of 2.48% and a return on equity of 6.08%. The business had revenue of $294.27 million during the quarter, compared to analyst estimates of $290.96 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. Analysts anticipate that Materion Corporation will post $1.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 8th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Materion Corporation’s dividend payout ratio is 30.77%.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/31/insider-selling-materion-corporation-mtrn-vp-sells-3000-shares-of-stock.html.

Several large investors have recently modified their holdings of MTRN. BlackRock Inc. boosted its position in shares of Materion Corporation by 12,689.6% during the first quarter. BlackRock Inc. now owns 2,645,014 shares of the basic materials company’s stock worth $88,740,000 after acquiring an additional 2,624,333 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Materion Corporation by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,879,751 shares of the basic materials company’s stock worth $63,066,000 after acquiring an additional 108,041 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Materion Corporation during the second quarter worth $1,944,000. AQR Capital Management LLC boosted its position in shares of Materion Corporation by 30.0% during the first quarter. AQR Capital Management LLC now owns 206,380 shares of the basic materials company’s stock worth $6,924,000 after acquiring an additional 47,605 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Materion Corporation by 3.9% during the second quarter. Northern Trust Corp now owns 926,420 shares of the basic materials company’s stock worth $34,648,000 after acquiring an additional 34,481 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Several research analysts have commented on MTRN shares. Zacks Investment Research downgraded shares of Materion Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 price target on shares of Materion Corporation in a report on Friday, July 7th. Finally, BidaskClub raised shares of Materion Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th.

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.

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

Receive News & Ratings for Materion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion Corporation and related companies with MarketBeat.com's FREE daily email newsletter.