Materion Co. (NYSE:MTRN) Short Interest Update

Materion Co. (NYSE:MTRN) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 372,500 shares, a drop of 19.5% from the November 15th total of 462,700 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 93,500 shares, the short-interest ratio is currently 4.0 days.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the sale, the vice president now directly owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the transaction, the chief financial officer now directly owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. This represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Stifel Financial Corp increased its position in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after purchasing an additional 91 shares in the last quarter. Arizona State Retirement System increased its position in Materion by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 107 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Materion by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after purchasing an additional 200 shares in the last quarter. Dakota Wealth Management increased its position in Materion by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after purchasing an additional 200 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in Materion by 6.4% during the 3rd quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company’s stock worth $428,000 after purchasing an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Stock Down 0.8 %

MTRN stock traded down $0.92 during trading on Friday, hitting $110.60. 82,380 shares of the company’s stock were exchanged, compared to its average volume of 96,812. The business has a 50-day moving average price of $110.83 and a two-hundred day moving average price of $110.52. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 31.16 and a beta of 1.21. Materion has a 52-week low of $96.18 and a 52-week high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Materion will post 5.24 EPS for the current year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, November 14th. Materion’s payout ratio is 15.21%.

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.