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

New York State Teachers Retirement System lowered its position in shares of Materion Co. (NYSE:MTRN) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Consolidated Planning Corp increased its position in shares of Materion by 65.4% during the 4th quarter. Consolidated Planning Corp now owns 4,451 shares of the basic materials company’s stock worth $440,000 after purchasing an additional 1,760 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Materion by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company’s stock worth $61,876,000 after purchasing an additional 22,322 shares in the last quarter. Choreo LLC acquired a new stake in shares of Materion during the 4th quarter worth about $315,000. Copeland Capital Management LLC increased its position in shares of Materion by 2.2% during the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company’s stock worth $40,817,000 after purchasing an additional 8,842 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares of the company’s stock, valued at $1,481,343.68. This represents a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Materion Trading Down 4.6 %

Shares of Materion stock opened at $95.51 on Friday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 329.33 and a beta of 1.23. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $99.94 and a 200 day simple moving average of $106.72. Materion Co. has a 12-month low of $93.20 and a 12-month high of $139.21.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Research analysts expect that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.

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.