446,069 Shares in Materion Corporation $MTRN Acquired by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss acquired 446,069 Materion shares worth approximately $132.7 million, representing about 2.14% of the company. Institutional investors collectively own 93.56% of MTRN.
• Analyst sentiment is broadly positive, with Materion carrying a consensus “Buy” rating and a $306 target price. The company also beat quarterly EPS expectations, reporting $1.90 versus the $1.52 consensus estimate, while revenue rose 42.2% year over year.
• Materion’s CFO and CEO sold shares in August, reducing their direct holdings by 10.06% and 17.26%, respectively. The company declared a quarterly dividend of $0.145 per share, equivalent to a 0.3% annualized yield.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Materion Corporation (NYSE:MTRN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 446,069 shares of the basic materials company's stock, valued at approximately $132,656,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.14% of Materion as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in Materion during the second quarter worth $1,032,985,000. State Street Corp grew its position in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock worth $103,098,000 after buying an additional 283,998 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Materion during the 2nd quarter valued at about $49,060,000. Raymond James Financial Inc. increased its holdings in Materion by 187.4% during the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company's stock valued at $20,199,000 after buying an additional 109,017 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of Materion by 313.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company's stock worth $6,510,000 after acquiring an additional 62,187 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTRN has been the subject of a number of recent analyst reports. Weiss Ratings cut Materion from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Materion from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. KeyCorp lifted their target price on shares of Materion from $237.00 to $306.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Zacks Research raised Materion from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Materion currently has an average rating of "Buy" and a consensus target price of $306.00.

Insider Activity at Materion

In other news, CFO Shelly Marie Chadwick sold 1,705 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the transaction, the chief financial officer owned 15,246 shares of the company's stock, valued at approximately $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the transaction, the chief executive officer directly owned 116,699 shares of the company's stock, valued at $34,031,762.38. This represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.80% of the company's stock.

Materion Trading Down 0.2%

Shares of MTRN stock opened at $231.55 on Monday. The company's 50-day moving average price is $257.89 and its 200-day moving average price is $203.91. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 53.97 and a beta of 1.07. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. Materion Corporation has a twelve month low of $107.72 and a twelve month high of $304.58.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.38. The firm had revenue of $308.19 million during the quarter, compared to the consensus estimate of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.The company's quarterly revenue was up 42.2% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities analysts predict that Materion Corporation will post 7.06 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Materion's dividend payout ratio is currently 13.52%.

Materion Profile

Materion Corporation NYSE: MTRN is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion's offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion's core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.

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