Teachers Advisors LLC raised its position in shares of Materion Corporation (NYSE:MTRN) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,595 shares of the basic materials company’s stock after buying an additional 1,280 shares during the period. Teachers Advisors LLC owned about 0.20% of Materion Corporation worth $1,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System increased its position in Materion Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the basic materials company’s stock worth $272,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors increased its position in Materion Corporation by 5.0% in the first quarter. Nationwide Fund Advisors now owns 19,080 shares of the basic materials company’s stock worth $640,000 after buying an additional 910 shares during the period. Strs Ohio increased its position in Materion Corporation by 12.1% in the first quarter. Strs Ohio now owns 23,200 shares of the basic materials company’s stock worth $778,000 after buying an additional 2,500 shares during the period. First Midwest Bank Trust Division increased its position in Materion Corporation by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 7,222 shares of the basic materials company’s stock worth $242,000 after buying an additional 231 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Materion Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 26,345 shares of the basic materials company’s stock worth $880,000 after buying an additional 1,035 shares during the period. Institutional investors own 90.80% of the company’s stock.

Materion Corporation (NYSE MTRN) traded up 1.4971% on Monday, hitting $38.4674. The company’s stock had a trading volume of 7,081 shares. The firm has a 50 day moving average of $37.94 and a 200 day moving average of $35.92. Materion Corporation has a 12 month low of $27.99 and a 12 month high of $41.23. The firm has a market cap of $770.81 million, a price-to-earnings ratio of 31.0471 and a beta of 1.16.

Materion Corporation (NYSE:MTRN) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The company had revenue of $295.80 million for the quarter, compared to analyst estimates of $254.28 million. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts forecast that Materion Corporation will post $1.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.06%. Materion Corporation’s dividend payout ratio (DPR) is presently 32.26%.

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A number of research firms have weighed in on MTRN. BidaskClub downgraded Materion Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Materion Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Saturday, May 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $34.00 target price on shares of Materion Corporation in a report on Friday, July 7th.

In other Materion Corporation news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $38.29, for a total transaction of $114,870.00. Following the sale, the vice president now directly owns 18,052 shares in the company, valued at approximately $691,211.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard J. Hipple sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $37.38, for a total transaction of $93,450.00. Following the sale, the insider now owns 57,091 shares in the company, valued at $2,134,061.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,500 shares of company stock worth $2,179,570. 2.90% of the stock is owned by company insiders.

Materion Corporation Company Profile

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

Institutional Ownership by Quarter for Materion Corporation (NYSE:MTRN)

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