Teacher Retirement System of Texas Takes Position in Materion Corporation (NYSE:MTRN)

Teacher Retirement System of Texas acquired a new stake in shares of Materion Corporation (NYSE:MTRN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,034 shares of the basic materials company's stock, valued at approximately $248,000.

A number of other large investors have also made changes to their positions in MTRN. GAMMA Investing LLC boosted its stake in Materion by 722.2% in the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after buying an additional 1,885 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Materion by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after purchasing an additional 137 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Materion during the 4th quarter worth approximately $223,000. Whittier Trust Co. increased its holdings in Materion by 463.6% during the 4th quarter. Whittier Trust Co. now owns 2,818 shares of the basic materials company's stock worth $279,000 after purchasing an additional 2,318 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Materion by 9.6% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,515 shares of the basic materials company's stock valued at $287,000 after acquiring an additional 307 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTRN. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. KeyCorp upgraded Materion from a "sector weight" rating to an "overweight" rating and set a $112.00 price objective for the company in a research report on Friday.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $80.45, for a total value of $160,900.00. Following the transaction, the vice president owned 13,376 shares in the company, valued at $1,076,099.20. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company's stock.

Materion Stock Up 6.3%

MTRN opened at $94.24 on Friday. The stock's fifty day moving average is $80.70 and its 200-day moving average is $86.27. The company has a market capitalization of $1.96 billion, a PE ratio of 188.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.84. Materion Corporation has a one year low of $69.10 and a one year high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.01. The firm had revenue of $420.33 million for the quarter, compared to the consensus estimate of $396.83 million. Materion had a return on equity of 12.83% and a net margin of 0.59%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, equities analysts predict that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.14 per share. This is a positive change from Materion's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, May 29th. Materion's dividend payout ratio is currently 112.00%.

Materion Company 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.

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