Materion Corp (NYSE:MTRN) VP General Counsel & Secretary Gregory R. Chemnitz has sold a total of $226,621 worth of company stock, according to a recent SEC filing. The transactions occurred on May 13, and were reported in a Form 4 document filed with the Securities and Exchange Commission.
The filing revealed multiple transactions involving the sale of Materion common stock at varying prices. The first set of shares, totaling 369, were sold at an average price of $112.516, with individual sale prices ranging from $111.980 to $112.885. Another batch of 1,415 shares was sold at an average price of $113.376, with a price range between $113.035 to $113.910. The final sale of 216 shares fetched an average price of $114.239, with transactions conducted at prices from $114.210 to $114.410.
Following these transactions, Chemnitz's direct holdings in the company stock amounted to 18,031 shares. Additionally, the filing noted an indirect holding of 5,293.977 shares in a 401(k) plan.
Investors often monitor insider buying and selling as it can provide insights into a company's financial health and future prospects. Transactions by high-level executives like Chemnitz are closely watched for signs of confidence in the company or potential shifts in the market.
Materion Corp, headquartered in Mayfield Heights, Ohio, specializes in metal forging and stampings. The company, formerly known as Brush Engineered Materials Inc., has a diverse portfolio of high-performance materials used across various industries, including aerospace, automotive, and electronics.
InvestingPro Insights
Materion Corp (NYSE:MTRN) has demonstrated a commitment to shareholder returns, evidenced by its consistent dividend increases over the past 12 years. This track record of dividend growth is a positive signal for investors looking for stable income, especially in an environment where many companies are cutting back on their dividends. As per the PRONEWS24 coupon code, users can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access more InvestingPro Tips, with 6 additional tips currently listed for Materion Corp.
While the recent insider selling by the VP General Counsel & Secretary Gregory R. Chemnitz might raise some eyebrows among investors, it's essential to consider the company's financial metrics provided by InvestingPro. Materion's market capitalization stands at $2.37 billion, with a Price to Earnings (P/E) ratio of 28.21, reflecting investor expectations of future earnings growth. Adjusted for the last twelve months as of Q1 2024, the P/E ratio slightly decreases to 27.01. Additionally, the company has maintained a healthy gross profit margin of 20.46% over the same period, which is a testament to its efficient operations and pricing power.
Despite a decrease in revenue growth by 8.15% over the last twelve months as of Q1 2024, Materion's liquid assets have surpassed its short-term obligations, which is a reassuring sign of financial stability. This financial cushion could help the company navigate any short-term market fluctuations or invest in future growth opportunities. Investors should note that analysts have revised their earnings estimates downwards for the upcoming period, which may impact the stock's performance in the near term.
For those interested in a deeper analysis and additional insights on Materion Corp, consider exploring the full range of InvestingPro Tips at https://www.investing.com/pro/MTRN. Remember to use the promo code PRONEWS24 to get a discounted subscription and access comprehensive financial data and expert analysis that could further inform your investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.