Public Employees Retirement Association of Colorado Trims Position in Materion Co. (NYSE:MTRN)

Public Employees Retirement Association of Colorado trimmed its position in Materion Co. (NYSE:MTRN) by 7.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,208 shares of the basic materials company’s stock after selling 180 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Materion were worth $239,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTRN. Opal Wealth Advisors LLC bought a new stake in Materion during the second quarter valued at $25,000. Quest Partners LLC boosted its position in shares of Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Materion during the second quarter worth about $38,000. Brown Lisle Cummings Inc. bought a new position in shares of Materion in the second quarter worth approximately $92,000. Finally, SG Americas Securities LLC purchased a new stake in Materion in the first quarter valued at approximately $150,000. 93.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Materion Price Performance

MTRN opened at $112.43 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 28.18 and a beta of 1.18. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. Materion Co. has a 12-month low of $92.23 and a 12-month high of $145.08. The stock has a 50-day moving average price of $111.52 and a 200-day moving average price of $114.81.

Materion (NYSE:MTRN) last issued its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $425.87 million during the quarter, compared to analyst estimates of $424.02 million. Materion had a return on equity of 12.20% and a net margin of 4.80%. Materion’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 earnings per share. Equities analysts predict that Materion Co. will post 5.74 earnings per share for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, August 23rd. Materion’s dividend payout ratio is presently 13.53%.

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.