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

Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 473,606 shares of the basic materials company's stock after acquiring an additional 30,262 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.28% of Materion worth $46,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Materion by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company's stock worth $249,488,000 after purchasing an additional 25,888 shares during the last quarter. Capital Research Global Investors boosted its position in Materion by 16.3% during the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock worth $181,789,000 after buying an additional 257,637 shares during the period. Trigran Investments Inc. grew its holdings in Materion by 3.2% during the 4th quarter. Trigran Investments Inc. now owns 737,830 shares of the basic materials company's stock worth $72,957,000 after acquiring an additional 23,208 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Materion by 3.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company's stock valued at $61,876,000 after acquiring an additional 22,322 shares during the period. Finally, Copeland Capital Management LLC increased its position in Materion by 2.2% in the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company's stock valued at $40,817,000 after acquiring an additional 8,842 shares during the period. Institutional investors and hedge funds own 93.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $80.45, for a total transaction of $160,900.00. Following the transaction, the vice president now owns 13,376 shares of the company's stock, valued at $1,076,099.20. This represents a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Materion Trading Down 0.1%

NYSE MTRN opened at $76.66 on Friday. The firm has a market capitalization of $1.60 billion, a PE ratio of 264.35 and a beta of 0.85. The business's 50-day moving average price is $80.04 and its two-hundred day moving average price is $94.80. The company has a current ratio of 3.19, a quick ratio of 1.26 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 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business had revenue of $420.33 million for the quarter, compared to analysts' expectations of $396.83 million. During the same period in the prior year, the business posted $0.96 earnings per share. The firm's revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be issued a $0.14 dividend. This is a positive change from Materion's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.56 annualized dividend and a yield of 0.73%. Materion's payout ratio is presently 112.00%.

Materion 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.

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