California State Teachers Retirement System Lowers Stock Holdings in Materion Corporation $MTRN

California State Teachers Retirement System lessened its holdings in Materion Corporation (NYSE:MTRN - Free Report) by 2.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,942 shares of the basic materials company's stock after selling 670 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Materion worth $7,120,111 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MTRN. Odyssean LLC acquired a new position in shares of Materion during the second quarter worth $237,000. Raiffeisen Bank International AG acquired a new stake in shares of Materion during the 2nd quarter valued at approximately $17,982,000. Syon Capital LLC purchased a new position in shares of Materion during the 2nd quarter worth about $319,000. Concurrent Investment Advisors LLC purchased a new position in Materion in the second quarter valued at about $237,000. Finally, Nykredit A S acquired a new position in Materion during the 2nd quarter valued at about $253,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Materion Stock Down 0.5%

Shares of NYSE MTRN traded down $1.18 on Tuesday, hitting $239.04. The company had a trading volume of 152,864 shares, compared to its average volume of 286,430. Materion Corporation has a 12-month low of $109.61 and a 12-month high of $304.58. The business has a 50 day moving average of $248.10 and a two-hundred day moving average of $214.05. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.98 billion, a P/E ratio of 55.74 and a beta of 1.08.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. During the same quarter in the prior year, the business earned $1.37 EPS. The company's revenue for the quarter was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities research analysts forecast that Materion Corporation will post 7.04 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were paid a dividend of $0.145 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. Materion's dividend payout ratio is presently 13.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MTRN shares. KeyCorp upped their target price on Materion from $237.00 to $306.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Zacks Research raised shares of Materion from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Jefferies Financial Group started coverage on shares of Materion in a report on Wednesday, September 2nd. They issued a "buy" rating and a $314.00 price target for the company. Wall Street Zen upgraded shares of Materion from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Materion from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $310.00.

Insider Transactions at Materion

In other Materion news, Director Vinod Khilnani sold 2,000 shares of the company's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the transaction, the director directly owned 11,171 shares in the company, valued at approximately $2,626,972.36. This represents a 15.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelly Chadwick sold 1,705 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $293.00, for a total value of $499,565.00. Following the transaction, the chief financial officer owned 15,246 shares of the company's stock, valued at approximately $4,467,078. This trade represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,053 shares of company stock worth $8,301,958. 2.80% of the stock is currently owned by company insiders.

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding industrial and technology applications. Its portfolio includes specialty metals and alloys, thin-film deposition materials, precious and non-precious metal products, beryllium-based materials, specialty chemicals and precision optics.

The company's products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, energy and other industrial markets.

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