New York State Teachers Retirement System Has $2.77 Million Stake in Materion Co. (NYSE:MTRN)

New York State Teachers Retirement System trimmed its position in Materion Co. (NYSE:MTRN - Free Report) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,994 shares of the basic materials company's stock after selling 4,030 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of Materion worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MTRN. Charles Schwab Investment Management Inc. grew its holdings in shares of Materion by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company's stock valued at $28,299,000 after purchasing an additional 5,944 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Materion by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company's stock worth $6,867,000 after buying an additional 16,904 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Materion by 69.6% in the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company's stock worth $5,310,000 after buying an additional 19,483 shares during the period. GAMMA Investing LLC lifted its stake in Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after buying an additional 197 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Materion by 38.5% during the third quarter. Creative Planning now owns 2,792 shares of the basic materials company's stock valued at $312,000 after acquiring an additional 776 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Materion

In other news, CFO Shelly Marie Chadwick sold 805 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares of the company's stock, valued at approximately $1,481,343.68. This represents a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company's stock.

Materion Stock Performance

Shares of Materion stock traded down $0.72 during trading on Tuesday, hitting $92.31. 101,251 shares of the stock were exchanged, compared to its average volume of 87,026. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. Materion Co. has a 12 month low of $91.76 and a 12 month high of $139.21. The stock's fifty day moving average is $99.36 and its 200 day moving average is $106.36. The stock has a market cap of $1.92 billion, a PE ratio of 318.32 and a beta of 1.23.

Materion (NYSE:MTRN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.43 by $0.12. The firm had revenue of $436.90 million during the quarter, compared to analysts' expectations of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. Materion's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. As a group, sell-side analysts anticipate that Materion Co. will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.58%. Materion's dividend payout ratio (DPR) is presently 186.21%.

Materion Profile

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.