Barrow Hanley Mewhinney & Strauss LLC Acquires 30,262 Shares of Materion Co. (NYSE:MTRN)

Barrow Hanley Mewhinney & Strauss LLC lifted its position in Materion Co. (NYSE:MTRN - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 2.28% of Materion worth $46,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MTRN. GAMMA Investing LLC raised its position in Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after acquiring an additional 197 shares during the period. Smartleaf Asset Management LLC lifted its position in 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 grew 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 valued at $63,000 after purchasing an additional 305 shares during the period. KBC Group NV increased its position in Materion by 54.5% in the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after buying an additional 311 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock worth $133,000 after buying an additional 313 shares during the period. Institutional investors own 93.56% of the company's stock.

Materion Stock Performance

Shares of NYSE:MTRN traded down $1.28 during mid-day trading on Friday, reaching $73.89. 235,795 shares of the company traded hands, compared to its average volume of 98,815. The company's 50 day moving average price is $91.61 and its 200-day moving average price is $101.57. The firm has a market cap of $1.53 billion, a PE ratio of 254.78 and a beta of 1.21. Materion Co. has a 52 week low of $69.23 and a 52 week high of $129.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.12. The business had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The company's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities analysts expect that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, February 20th. Materion's dividend payout ratio (DPR) is presently 186.21%.

Insider Buying and Selling

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the transaction, the chief financial officer now owns 14,632 shares of the company's stock, valued at $1,481,343.68. This represents a 5.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by insiders.

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.