Materion Corp (NYSE:MTRN) director Emily M. Liggett has sold a portion of her holdings in the company, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on May 15, involved the sale of 1,152 shares at a price of $111.865 per share, totaling approximately $128,868.
This sale has adjusted Liggett's direct ownership in Materion Corp to 2,621 shares. Additionally, the filing noted indirect ownership of 1,257.475 shares held in the Directors Deferred Compensation Plan. The nature of this indirect ownership indicates a long-term investment perspective typical for executive compensation plans.
Materion Corp, headquartered in Mayfield Heights, Ohio, is known for its work in the metal forging and stampings industry. The company, which was previously known as Brush Engineered Materials Inc., has been incorporated in the state of Ohio and operates within the manufacturing sector.
The stock transaction by Director Liggett comes as part of the regular disclosure of stock trades by company insiders. Such filings provide investors and the market with transparency regarding the actions of senior company officials and can sometimes be indicative of their confidence in the company's future prospects.
Investors often monitor these insider transactions as part of their analysis, considering them alongside other financial data and market trends. While the sale of stock by a director may carry different interpretations, it is a routine aspect of personal portfolio management and is disclosed in compliance with regulatory requirements.
The recent transaction was signed off by Michelle R. Mekinda, acting as Attorney-In-Fact, and was filed on May 17, two days after the reported sale.
InvestingPro Insights
Materion Corp's (NYSE:MTRN) recent insider stock sale coincides with several noteworthy financial metrics and analyst insights that investors may consider. According to InvestingPro data, the company's market capitalization stands at $2.39 billion, with a Price/Earnings (P/E) ratio of 28.47. When adjusted for the last twelve months as of Q1 2024, the P/E ratio slightly improves to 27.17. Despite the recent sale by Director Liggett, Materion has a track record of consistent dividend payments, having maintained dividend payouts for 13 consecutive years and raised its dividend for 12 consecutive years, which is a testament to its financial resilience and commitment to shareholder returns.
On the profitability front, analysts predict that Materion will be profitable this year, supporting the company's positive performance over the last twelve months. This is further corroborated by a solid gross profit margin of 20.46% for the same period. However, it is important to note that revenue has seen a decline, with a -8.15% growth rate over the last twelve months as of Q1 2024 and a sharper quarterly decline of -12.93% in Q1 2024. These figures suggest that while the company maintains profitability, it is experiencing some challenges in growing its top-line revenue.
For investors seeking a deeper dive into Materion's financial health and future prospects, InvestingPro offers additional insights. There are more InvestingPro Tips available, which include details such as the company's liquidity position and analysts' earnings revisions. To access these insights and for a more comprehensive analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. With these tools, investors can better gauge the potential impact of insider transactions and broader market trends on their investment decisions.
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