Materion (NYSE:MTRN) Trading 5.3% Higher After Strong Earnings

Materion Co. (NYSE:MTRNGet Free Report) traded up 5.3% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $106.01 and last traded at $105.04. 7,102 shares were traded during mid-day trading, a decline of 91% from the average session volume of 81,292 shares. The stock had previously closed at $99.74.

The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.43 by $0.12. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. During the same period last year, the firm earned $1.41 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is presently 15.21%.

Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the sale, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at $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 can be accessed through this link. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mountaineer Partners Management LLC lifted its position in shares of Materion by 9,463.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after purchasing an additional 9,051,813 shares during the period. Vanguard Group Inc. lifted its position in shares of Materion by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company’s stock worth $249,488,000 after purchasing an additional 25,888 shares during the period. Capital Research Global Investors lifted its position in shares of Materion by 16.3% during the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company’s stock valued at $181,789,000 after acquiring an additional 257,637 shares during the period. Trigran Investments Inc. lifted its position in shares of Materion by 3.2% during the 4th quarter. Trigran Investments Inc. now owns 737,830 shares of the basic materials company’s stock valued at $72,957,000 after acquiring an additional 23,208 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Materion by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company’s stock valued at $61,876,000 after acquiring an additional 22,322 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Up 3.8 %

The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $100.47 and its 200-day moving average is $106.82. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 29.16 and a beta of 1.23.

Materion Company Profile

(Get Free Report)

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.

Featured Stories

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