Materion Co. (NYSE:MTRN) CFO Sells $81,498.20 in Stock

Materion Co. (NYSE:MTRN) CFO Shelly Marie Chadwick sold 805 shares of the company’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 of the company’s stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $115,920.00.

Materion Stock Up 0.9 %

Shares of NYSE:MTRN opened at $100.55 on Thursday. The company has a 50 day moving average of $103.39 and a two-hundred day moving average of $108.02. Materion Co. has a 52-week low of $93.20 and a 52-week high of $145.08. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 28.33 and a beta of 1.23.

Materion Dividend Announcement

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

Hedge Funds Weigh In On Materion

A number of institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of Materion by 0.3% during the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after acquiring an additional 91 shares during the last quarter. Dakota Wealth Management increased its holdings in Materion by 1.5% during the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock worth $1,079,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Materion by 307.8% in the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Materion by 5.3% during the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after buying an additional 204 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Materion by 6.2% in the second quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock worth $524,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.