Materion Co. (NYSE:MTRN) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in Materion Co. (NYSE:MTRN) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,472 shares of the basic materials company’s stock after purchasing an additional 239 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of Materion worth $4,616,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. BlackRock Inc. grew its position in shares of Materion by 0.8% in the first quarter. BlackRock Inc. now owns 3,414,043 shares of the basic materials company’s stock valued at $292,720,000 after purchasing an additional 28,638 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Materion by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,531,802 shares of the basic materials company’s stock valued at $258,016,000 after purchasing an additional 35,888 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Materion by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,292,435 shares of the basic materials company’s stock valued at $110,815,000 after purchasing an additional 5,975 shares during the last quarter. State Street Corp boosted its position in Materion by 21.3% during the first quarter. State Street Corp now owns 1,030,733 shares of the basic materials company’s stock worth $88,375,000 after acquiring an additional 181,087 shares during the last quarter. Finally, Trigran Investments Inc. boosted its position in Materion by 14.6% during the third quarter. Trigran Investments Inc. now owns 675,294 shares of the basic materials company’s stock worth $68,819,000 after acquiring an additional 86,134 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now owns 14,510 shares in the company, valued at approximately $1,940,567.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now owns 14,510 shares in the company, valued at approximately $1,940,567.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total transaction of $265,200.00. Following the completion of the transaction, the chief financial officer now directly owns 13,147 shares in the company, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Materion Stock Down 1.5 %

Shares of NYSE MTRN opened at $125.44 on Friday. Materion Co. has a 1 year low of $92.23 and a 1 year high of $145.08. The firm’s 50 day moving average price is $129.74 and its 200 day moving average price is $118.61. The firm has a market cap of $2.60 billion, a P/E ratio of 27.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 2.78.

Materion (NYSE:MTRN) last announced its earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. The firm had revenue of $421.00 million for the quarter, compared to analyst estimates of $420.50 million. Materion had a net margin of 5.75% and a return on equity of 13.49%. Materion’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share. As a group, sell-side analysts anticipate that Materion Co. will post 6.03 earnings per share for the current year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. Materion’s dividend payout ratio (DPR) is presently 11.35%.

Analyst Ratings Changes

Separately, KeyCorp decreased their target price on shares of Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.