Public Employees Retirement Association of Colorado decreased its position in shares of Materion Corporation (NYSE:MTRN) by 2.6% during the first quarter, Holdings Channel reports. The firm owned 6,854 shares of the basic materials company’s stock after selling 183 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Materion Corporation were worth $230,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in shares of 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 last quarter. First Midwest Bank Trust Division raised its stake in shares of 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 last quarter. Nationwide Fund Advisors raised its stake in shares of 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 last quarter. Great West Life Assurance Co. Can raised its stake in shares of 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 last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Materion Corporation by 9.4% in the first quarter. Eqis Capital Management Inc. now owns 12,296 shares of the basic materials company’s stock worth $413,000 after buying an additional 1,059 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Materion Corporation (MTRN) opened at 36.45 on Friday. The company has a 50-day moving average price of $35.26 and a 200-day moving average price of $36.56. Materion Corporation has a 52 week low of $23.06 and a 52 week high of $41.23. The stock has a market cap of $728.49 million, a price-to-earnings ratio of 31.72 and a beta of 1.16.

Materion Corporation (NYSE:MTRN) last issued its earnings results on Friday, April 28th. The basic materials company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Materion Corporation had a return on equity of 5.50% and a net margin of 2.40%. The business had revenue of $240.67 million during the quarter, compared to analysts’ expectations of $231.58 million. During the same period in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts anticipate that Materion Corporation will post $1.50 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Wednesday, May 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. This is a boost from Materion Corporation’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, May 15th. Materion Corporation’s dividend payout ratio is currently 34.78%.

WARNING: “Public Employees Retirement Association of Colorado Sells 183 Shares of Materion Corporation (MTRN)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-sells-183-shares-of-materion-corporation-mtrn/1371978.html.

A number of brokerages recently commented on MTRN. Zacks Investment Research raised Materion Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Friday. Jefferies Group LLC raised their price target on Materion Corporation from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, February 21st.

In other Materion Corporation news, insider Richard J. Hipple sold 6,000 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $33.16, for a total value of $198,960.00. Following the completion of the sale, the insider now directly owns 142,602 shares in the company, valued at approximately $4,728,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard J. Hipple sold 2,500 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $34.17, for a total value of $85,425.00. Following the completion of the sale, the insider now owns 124,591 shares of the company’s stock, valued at $4,257,274.47. The disclosure for this sale can be found here. Insiders sold a total of 77,230 shares of company stock valued at $2,631,948 over the last quarter. Company insiders own 2.90% of the company’s stock.

About Materion Corporation

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.

Want to see what other hedge funds are holding MTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Materion Corporation (NYSE:MTRN).

Receive News & Ratings for Materion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.