Dimensional Fund Advisors LP Cuts Stake in Materion Co. (NYSE:MTRN)

Dimensional Fund Advisors LP lessened its stake in Materion Co. (NYSE:MTRN - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,127,037 shares of the basic materials company's stock after selling 47,462 shares during the quarter. Dimensional Fund Advisors LP owned 5.43% of Materion worth $111,443,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Materion in the fourth quarter valued at approximately $10,399,000. Norges Bank purchased a new stake in Materion in the 4th quarter valued at $5,037,000. JPMorgan Chase & Co. boosted its stake in shares of Materion by 69.1% during the fourth quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock worth $10,264,000 after buying an additional 42,414 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Materion by 6.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock valued at $46,830,000 after purchasing an additional 30,262 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its position in Materion by 22.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 159,350 shares of the basic materials company's stock valued at $15,757,000 after buying an additional 29,000 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

Insider Buying and Selling at Materion

In other news, CFO Shelly Marie Chadwick sold 805 shares of the company's 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 legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by insiders.

Materion Trading Down 0.8 %

Shares of Materion stock opened at $83.01 on Monday. 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 simple moving average is $84.20 and its 200-day simple moving average is $98.11. Materion Co. has a 52-week low of $69.10 and a 52-week high of $123.21. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 286.24 and a beta of 1.15.

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

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's dividend payout ratio (DPR) is presently 186.21%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.