Materion (NYSE:MTRN) Sets New 1-Year Low – Should You Sell?

Shares of Materion Co. (NYSE:MTRN) reached a new 52-week low during trading on Tuesday . The stock traded as low as $80.00 and last traded at $81.38, with a volume of 12104 shares changing hands. The stock had previously closed at $81.60.

Materion Stock Performance

The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $93.54 and its two-hundred day moving average is $102.28. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 273.76 and a beta of 1.20.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. During the same period last year, the business posted $1.41 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Analysts anticipate that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the sale, the chief financial officer now owns 14,632 shares in the company, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Materion by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company’s stock valued at $28,299,000 after buying an additional 5,944 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $6,867,000 after purchasing an additional 16,904 shares during the period. GAMMA Investing LLC lifted 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 purchasing an additional 197 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Materion in the fourth quarter valued at $10,399,000. Finally, Mountaineer Partners Management LLC grew its holdings in Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

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.