In a recent transaction on August 8, Materion Corp 's (NYSE:MTRN) Vice President, General Counsel & Secretary, Gregory R. Chemnitz, sold 2,000 shares of the company's common stock, according to a Form 4 document filed with the Securities and Exchange Commission. The sale was executed at a price of $112.87 per share, totaling $225,740.
Following the sale, Mr. Chemnitz's direct holdings in Materion Corp amount to 16,031 shares. Additionally, it is noted that Mr. Chemnitz has an indirect ownership of 5,300.376 shares held in a 401(k) Plan.
Investors often monitor insider transactions as they can provide insights into a company's health and future prospects. The sale by a high-ranking executive like Mr. Chemnitz might attract attention from the investment community as they evaluate their positions in Materion Corp.
Materion Corp, headquartered in Mayfield Heights, Ohio, operates within the metal forging and stampings industry. The company, formerly known as Brush Engineered Materials Inc., has established itself as a significant player in its sector.
This transaction comes amidst the regular financial disclosures expected from company executives and is part of the routine reporting of stock transactions to the SEC. The recent Form 4 filing is publicly available and provides transparency into the trading activities of the company's insiders.
Shareholders and potential investors can access the details of this transaction and others through the SEC's EDGAR database, where filings are made available to the public.
InvestingPro Insights
As Materion Corp (NYSE:MTRN) navigates the market, investors are keen to understand the company's financial standing and future prospects. A recent insider transaction involving the sale of shares by Vice President, General Counsel & Secretary, Gregory R. Chemnitz, has put the spotlight on Materion's stock performance and stability. To provide a clearer picture, here are some insights based on the latest data and InvestingPro Tips:
InvestingPro Data shows that Materion Corp has a market capitalization of approximately $2.28 billion, with a P/E ratio standing at 28.96. This valuation metric reflects the company's earnings relative to its share price, giving investors a sense of how the market values the earnings power of the company. Additionally, the company's price-to-book (P/B) ratio, as of the last twelve months leading into Q2 2024, is 2.52, indicating the market's valuation of its net assets.
Materion's financial resilience is further highlighted by its gross profit margin of 19.61% during the same period, demonstrating the company's ability to manage its cost of goods sold effectively. Moreover, the company has experienced a 7.98% return on its stock price over the last week, which is a significant short-term gain for shareholders.
Turning to InvestingPro Tips, Materion has shown a commendable track record of raising its dividend for 12 consecutive years, a testament to its financial health and commitment to returning value to shareholders. This consistency is further underscored by the fact that Materion has maintained dividend payments for 13 consecutive years. However, it's noteworthy that 4 analysts have revised their earnings estimates downwards for the upcoming period, signaling potential challenges ahead.
For investors looking for a deeper dive into Materion's performance and expert analysis, InvestingPro offers additional tips on the company's outlook. Currently, there are 7 more InvestingPro Tips available, which can be accessed at https://www.investing.com/pro/MTRN for those seeking more comprehensive investment guidance.
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