Barrow Hanley Mewhinney & Strauss LLC Has $46.83 Million Stock Position in Materion Co. (NYSE:MTRN)

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 473,606 shares of the basic materials company's stock after buying an additional 30,262 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.28% of Materion worth $46,830,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its position in Materion by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after acquiring an additional 137 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Materion by 1.8% during the fourth quarter. Synovus Financial Corp now owns 7,645 shares of the basic materials company's stock valued at $756,000 after purchasing an additional 138 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Materion by 1.5% during the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock valued at $1,079,000 after purchasing an additional 165 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of Materion by 2.8% during the fourth quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company's stock worth $643,000 after purchasing an additional 180 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Materion by 0.5% in the fourth quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company's stock valued at $3,547,000 after buying an additional 193 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Down 1.0%

Shares of MTRN stock traded down $0.83 during trading hours on Wednesday, hitting $78.49. 30,482 shares of the company's stock traded hands, compared to its average volume of 107,062. The stock has a market cap of $1.63 billion, a PE ratio of 270.61 and a beta of 0.85. The stock's 50 day simple moving average is $79.52 and its 200 day simple moving average is $93.85. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. Materion Co. has a 12 month low of $69.10 and a 12 month high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $420.33 million during the quarter, compared to analyst estimates of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. Materion's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. On average, sell-side analysts anticipate that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be paid a $0.14 dividend. This is a positive change from Materion's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, May 29th. Materion's payout ratio is currently 112.00%.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $80.45, for a total value of $160,900.00. Following the transaction, the vice president now owns 13,376 shares in the company, valued at $1,076,099.20. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, KeyCorp reiterated a "sector weight" rating on shares of Materion in a research report on Wednesday, May 7th.

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.