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

Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Materion Co. (NYSE:MTRN) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 2.28% of Materion worth $46,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Materion by 269.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 318 shares in the last quarter. Quest Partners LLC boosted its holdings in Materion by 118.7% during the third quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 305 shares during the last quarter. KBC Group NV grew its position in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 311 shares in the last quarter. Finally, US Bancorp DE increased its stake in Materion by 30.3% in the 4th quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock valued at $133,000 after buying an additional 313 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Price Performance

Materion stock opened at $83.46 on Monday. The stock has a market cap of $1.73 billion, a P/E ratio of 287.79 and a beta of 1.20. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average price is $93.94 and its two-hundred day moving average price is $102.43. Materion Co. has a 52 week low of $80.21 and a 52 week high of $131.97.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business had revenue of $436.90 million for the quarter, compared to analysts’ expectations of $433.22 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio is 186.21%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

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.