Materion Corporation (NYSE:MTRN) VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $38.29, for a total transaction of $114,870.00. Following the sale, the vice president now directly owns 18,052 shares of the company’s stock, valued at approximately $691,211.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Materion Corporation (MTRN) traded down 0.13% during mid-day trading on Friday, reaching $37.70. 70,862 shares of the company’s stock were exchanged. The firm has a market capitalization of $755.43 million, a P/E ratio of 30.43 and a beta of 1.16. The company’s 50-day moving average is $37.83 and its 200 day moving average is $36.05. Materion Corporation has a one year low of $27.20 and a one year high of $41.23.

Materion Corporation (NYSE:MTRN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. The firm had revenue of $295.80 million for the quarter, compared to the consensus estimate of $254.28 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities analysts predict that Materion Corporation will post $1.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. Materion Corporation’s dividend payout ratio (DPR) is currently 32.26%.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://theolympiareport.com/2017/08/12/gregory-r-chemnitz-sells-3000-shares-of-materion-corporation-mtrn-stock-updated.html.

Several research analysts have commented on the stock. BidaskClub upgraded shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Saturday, May 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 price target on shares of Materion Corporation in a research note on Friday, July 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $36.67.

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in Materion Corporation by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock valued at $193,000 after buying an additional 34 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Materion Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the basic materials company’s stock worth $272,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Materion Corporation by 1.0% in the first quarter. Arizona State Retirement System now owns 10,412 shares of the basic materials company’s stock worth $349,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Materion Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 14,592 shares of the basic materials company’s stock worth $546,000 after buying an additional 148 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Materion Corporation by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 23,280 shares of the basic materials company’s stock worth $871,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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 Analyst Ratings Network's FREE daily email newsletter.