In recent transactions reported by Materion Corp (NYSE:MTRN), Shelly Marie Chadwick, the company's Vice President, Finance & CFO, sold a significant portion of common stock. On November 29, Chadwick sold 1,000 shares of Materion's common stock, with the sales price averaging between $115.555 and $116.490 per share. This transaction totaled approximately $115.9 million.
Following the sale, Chadwick's ownership in Materion decreased to 13,200 shares. Additionally, on November 30, Chadwick acquired 4,024 shares through the exercise of restricted stock units, which did not involve a cash transaction, increasing her holdings to 17,224 shares. Another transaction on December 2 involved the disposition of 1,789 shares at a price of $117.96 per share, leaving her with 15,435 shares. Notably, analysts maintain a positive outlook on the stock, with price targets ranging from $125 to $145. For comprehensive insider trading analysis and additional insights, investors can access detailed Pro Research Reports on InvestingPro.
In other recent news, Materion Corporation has demonstrated resilience amidst market challenges in its Q3 2024 results. The company reported sales of $263.8 million, marking a 2% decline year-over-year, and a 7% decrease in adjusted earnings per share to $1.41. Despite these figures, Materion achieved a record adjusted EBITDA margin of 21.5% and noted growth in the aerospace, defense, and semiconductor sectors. KeyBanc has maintained its Overweight rating and a $125.00 price target on Materion shares, citing an improved outlook for Q4 2024. The firm also slightly raised the full-year 2024 earnings per share (EPS) estimate to $5.26, aligning with Materion's guidance range of $5.20 to $5.40. Operational optimizations, including facility closures, are underway to improve margins despite an expected annual sales loss of $10 million. The company forecasts an improved performance in Q4, with adjusted earnings per share projected to be within the aforementioned range. These are among the latest developments for Materion Corporation.
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