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

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 805 shares of the firm’s 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 directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were sold at an average price of $115.92, for a total transaction of $115,920.00.

Materion Price Performance

Materion stock opened at $100.55 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 28.33 and a beta of 1.23. Materion Co. has a 1 year low of $93.20 and a 1 year high of $145.08. The firm has a 50 day moving average price of $103.39 and a 200 day moving average price of $108.02.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders 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 15.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC increased its stake in Materion by 9,463.5% during the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after acquiring an additional 9,051,813 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Materion by 12.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock worth $67,501,000 after purchasing an additional 64,470 shares during the period. abrdn plc grew its holdings in shares of Materion by 19.8% during the 3rd quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock worth $28,941,000 after purchasing an additional 42,717 shares during the period. Intech Investment Management LLC raised its holdings in Materion by 435.3% in the third quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock valued at $4,007,000 after buying an additional 29,131 shares during the period. Finally, Barclays PLC lifted its position in Materion by 356.9% during the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after buying an additional 27,244 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

About Materion

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.