Vaughan Nelson Investment Management L.P. Purchases 64,470 Shares of Materion Co. (NYSE:MTRN)

Vaughan Nelson Investment Management L.P. boosted its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 603,445 shares of the basic materials company's stock after buying an additional 64,470 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 2.91% of Materion worth $67,501,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MTRN. Ceredex Value Advisors LLC purchased a new position in shares of Materion in the 2nd quarter worth $12,938,000. F M Investments LLC purchased a new position in Materion in the second quarter worth about $11,643,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Materion by 31.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company's stock worth $48,010,000 after acquiring an additional 105,969 shares during the last quarter. abrdn plc lifted its stake in shares of Materion by 19.8% in the 3rd quarter. abrdn plc now owns 258,728 shares of the basic materials company's stock valued at $28,941,000 after purchasing an additional 42,717 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Materion by 33.7% during the 2nd quarter. Victory Capital Management Inc. now owns 133,940 shares of the basic materials company's stock valued at $14,483,000 after purchasing an additional 33,751 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Trading Down 2.1 %

Materion stock traded down $2.47 during midday trading on Friday, reaching $114.44. The stock had a trading volume of 90,648 shares, compared to its average volume of 84,602. Materion Co. has a 52-week low of $96.18 and a 52-week high of $145.08. The company has a fifty day moving average of $107.73 and a 200 day moving average of $110.37. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 32.24 and a beta of 1.19. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company had revenue of $436.70 million during the quarter, compared to analysts' expectations of $416.40 million. During the same quarter in the previous year, the business earned $1.39 EPS. Materion's revenue was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.47%. Materion's dividend payout ratio (DPR) is 15.21%.

Insider Buying and Selling at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the transaction, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Materion from a "sell" rating to a "hold" rating in a research note 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.