Barrow Hanley Mewhinney & Strauss LLC Has $48.01 Million Stock Position in Materion Co. (NYSE:MTRN)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Materion Co. (NYSE:MTRN) by 31.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,003 shares of the basic materials company’s stock after purchasing an additional 105,969 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.14% of Materion worth $48,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTRN. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Materion in the fourth quarter valued at approximately $232,000. Brown Advisory Inc. acquired a new stake in shares of Materion in the fourth quarter valued at approximately $208,000. Norges Bank acquired a new stake in shares of Materion in the fourth quarter valued at approximately $16,369,000. Quest Partners LLC acquired a new stake in shares of Materion in the fourth quarter valued at approximately $44,000. Finally, Schroder Investment Management Group raised 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 valued at $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 and hedge funds.

Materion Price Performance

NYSE:MTRN opened at $108.07 on Friday. Materion Co. has a 1-year low of $92.23 and a 1-year high of $145.08. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $112.25 and a 200 day simple moving average of $115.60. The stock has a market capitalization of $2.24 billion, a PE ratio of 27.09 and a beta of 1.18.

Materion (NYSE:MTRN) last released its 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. Materion had a net margin of 4.80% and a return on equity of 12.20%. The business had revenue of $425.87 million during the quarter, compared to analysts’ expectations of $424.02 million. During the same period last year, the business earned $1.38 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that Materion Co. will post 5.74 EPS for the current fiscal year.

Materion Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.