Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick Sells 805 Shares

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shelly Marie Chadwick also recently made the following trade(s):

• On Friday, November 29th, Shelly Marie Chadwick sold 1,000 shares of Materion stock. The stock was sold at an average price of $115.92, for a total value of $115,920.00.

Materion Price Performance

MTRN stock traded up $1.66 during mid-day trading on Tuesday, reaching $99.55. 28,524 shares of the company’s stock were exchanged, compared to its average volume of 85,006. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 28.06 and a beta of 1.23. The stock’s 50 day moving average is $104.00 and its 200 day moving average is $108.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. Materion Co. has a 12-month low of $93.20 and a 12-month high of $145.08.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.135 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.54%. Materion’s payout ratio is currently 15.21%.

Hedge Funds Weigh In On Materion

A number of hedge funds have recently made changes to their positions in MTRN. Charles Schwab Investment Management Inc. increased its stake in Materion by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company’s stock worth $28,299,000 after acquiring an additional 5,944 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Materion by 69.6% during the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock worth $5,310,000 after buying an additional 19,483 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Materion by 38.0% during the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after buying an additional 16,904 shares during the period. GAMMA Investing LLC boosted its position in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after buying an additional 197 shares during the period. Finally, Creative Planning boosted its holdings in Materion by 38.5% in the third quarter. Creative Planning now owns 2,792 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 776 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.