2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado reduced its holdings in shares of Materion Co. ( NYSE:MTRN – Free Report ) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 2,208 shares of the basic materials company’s stock after selling 180 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Materion were worth $239,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also bought and sold shares of MTRN.
Aurora Investment Counsel increased its position in shares of Materion by 1.2% during the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock valued at $846,000 after purchasing an additional 80 shares during the last quarter.
Arizona State Retirement System increased its holdings in Materion by 1.9% during the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after buying an additional 107 shares during the last quarter.
Dakota Wealth Management raised its position in Materion by 1.8% in the second quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after acquiring an additional 200 shares during the period.
Louisiana State Employees Retirement System boosted its stake in Materion by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock valued at $1,125,000 after acquiring an additional 200 shares during the last quarter.
Finally, Opal Wealth Advisors LLC bought a new position in shares of Materion during the 2nd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.
Materion Stock Up 1.2 % MTRN stock opened at $112.43 on Friday.
The stock has a fifty day moving average of $111.52 and a 200-day moving average of $114.81.
Materion Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.
08. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 28.
18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.
51, a quick ratio of 1.21 and a current ratio of 3.25.
Materion Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.135 per share.
The ex-dividend date was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a yield of 0.
48%. Materion’s payout ratio is 13.53%.
Wall Street Analyst Weigh In Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Get Our Latest Report on MTRN Materion Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter .
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