Dimensional Fund Advisors LP Acquires 12,454 Shares of Materion Co. (NYSE:MTRN)

Dimensional Fund Advisors LP raised its holdings in shares of Materion Co. (NYSE:MTRN) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,213,367 shares of the basic materials company’s stock after acquiring an additional 12,454 shares during the period. Dimensional Fund Advisors LP owned about 5.85% of Materion worth $131,201,000 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 business. Envestnet Portfolio Solutions Inc. bought a new position in shares of Materion in the fourth quarter worth approximately $232,000. Brown Advisory Inc. bought a new position in shares of Materion in the fourth quarter worth approximately $208,000. Norges Bank bought a new position in shares of Materion in the fourth quarter worth approximately $16,369,000. Quest Partners LLC bought a new position in shares of Materion in the fourth quarter worth approximately $44,000. Finally, Schroder Investment Management Group grew its holdings in shares of Materion by 0.8% in the fourth quarter. Schroder Investment Management Group now owns 154,255 shares of the basic materials company’s stock worth $20,073,000 after purchasing an additional 1,251 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

Materion Stock Performance

NYSE:MTRN opened at $108.07 on Monday. The stock has a market cap of $2.24 billion, a P/E ratio of 27.09 and a beta of 1.18. The firm’s fifty day simple moving average is $112.25 and its 200 day simple moving average is $115.49. Materion Co. has a twelve month low of $92.23 and a twelve month high of $145.08. The company has a quick ratio of 1.21, a current ratio of 3.25 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $425.87 million for the quarter, compared to analysts’ expectations of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. As a group, research analysts predict that Materion Co. will post 5.74 EPS for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, August 23rd. Materion’s dividend payout ratio (DPR) is currently 13.53%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

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.