Texas Permanent School Fund Purchases 335 Shares of Materion Co. (NYSE:MTRN)

Texas Permanent School Fund lifted its position in shares of Materion Co. (NYSE:MTRNGet Rating) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,825 shares of the basic materials company’s stock after buying an additional 335 shares during the quarter. Texas Permanent School Fund’s holdings in Materion were worth $1,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ellevest Inc. increased its position in shares of Materion by 264.7% during the second quarter. Ellevest Inc. now owns 1,178 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 855 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Materion by 1,385.4% during the second quarter. First Horizon Advisors Inc. now owns 1,426 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 1,330 shares in the last quarter. KBC Group NV bought a new stake in shares of Materion during the second quarter valued at approximately $131,000. Captrust Financial Advisors boosted its holdings in Materion by 51.3% in the first quarter. Captrust Financial Advisors now owns 1,991 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 675 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Materion by 6.2% in the first quarter. Los Angeles Capital Management LLC now owns 2,592 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 94.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTRN. StockNews.com began coverage on shares of Materion in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. KeyCorp dropped their target price on shares of Materion from $94.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd.

Materion Trading Down 2.3 %

Shares of Materion stock opened at $77.10 on Friday. The company’s fifty day simple moving average is $80.11 and its 200-day simple moving average is $80.66. The stock has a market capitalization of $1.58 billion, a PE ratio of 20.78 and a beta of 1.20. Materion Co. has a 1-year low of $64.89 and a 1-year high of $97.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.51 and a quick ratio of 1.43.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, November 15th. Materion’s dividend payout ratio is presently 13.48%.

Materion Company Profile

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Materion Corporation, through 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. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments.

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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