Dimensional Fund Advisors LP Sells 47,462 Shares of Materion Co. (NYSE:MTRN)

Dimensional Fund Advisors LP trimmed its stake in Materion Co. (NYSE:MTRN - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,127,037 shares of the basic materials company's stock after selling 47,462 shares during the period. Dimensional Fund Advisors LP owned approximately 5.43% of Materion worth $111,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTRN. Raymond James Financial Inc. bought a new position in shares of Materion during the fourth quarter valued at about $10,399,000. Norges Bank bought a new stake in Materion during the 4th quarter valued at approximately $5,037,000. JPMorgan Chase & Co. raised its position in shares of Materion by 69.1% in the 4th quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock worth $10,264,000 after acquiring an additional 42,414 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Materion by 6.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock worth $46,830,000 after purchasing an additional 30,262 shares during the period. Finally, Ceredex Value Advisors LLC lifted its position in Materion by 22.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 159,350 shares of the basic materials company's stock valued at $15,757,000 after buying an additional 29,000 shares during the period. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Stock Down 1.2 %

NYSE MTRN traded down $1.05 during trading hours on Friday, reaching $83.20. 33,193 shares of the company's stock traded hands, compared to its average volume of 100,932. Materion Co. has a 52-week low of $69.10 and a 52-week high of $123.21. The firm has a 50-day simple moving average of $83.01 and a 200 day simple moving average of $97.60. The firm has a market cap of $1.73 billion, a PE ratio of 286.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26.

Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.01. The firm had revenue of $420.33 million for the quarter, compared to analysts' expectations of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. Sell-side analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

About Materion

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.