On August 9, 2024, Jugal Vijayvargiya, President and CEO of Materion Corp (MTRN, Financial), sold 20,000 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 93,010 shares of Materion Corp.

Materion Corp manufactures advanced engineering materials used in a wide range of electrical, electronic, thermal and structural applications. The materials the company produces are critical components in consumer, industrial and automotive products.

The shares were sold at a price of $111.78 per share, corresponding to a transaction value of approximately $2,235,600. This sale significantly adjusted the insider’s share in the company.

Over the past year, the insider transaction history at Materion Corp has shown a trend of more selling than buying among insiders. Specifically, there were zero insider purchases and seven insider sales in the last twelve months.

The current market capitalization of Materion Corp is $2.283 billion. The stock’s price to earnings ratio is 29.35, which is higher than the industry average of 15.7, indicating a higher valuation compared to its peers.

In terms of the stock’s valuation metrics, Materion Corp has a GF Value of $98.36, which suggests that the stock is currently slightly overvalued with a Price to GF Value ratio of 1.14.

The GF Value is calculated by considering historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as analysts’ estimates of future business performance.

This insider sale could draw investors’ attention to the stock’s current valuation and future prospects, given the significant reduction in insider ownership.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.