Vaughan Nelson Investment Management L.P. Raises Stock Position in Materion Co. (NYSE:MTRN)

Vaughan Nelson Investment Management L.P. lifted its holdings in Materion Co. (NYSE:MTRN - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,767 shares of the basic materials company's stock after buying an additional 22,322 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 3.02% of Materion worth $61,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountaineer Partners Management LLC boosted its position in shares of Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company's stock worth $1,023,235,000 after purchasing an additional 9,051,813 shares in the last quarter. abrdn plc boosted its holdings in Materion by 19.8% during the third quarter. abrdn plc now owns 258,728 shares of the basic materials company's stock worth $28,941,000 after buying an additional 42,717 shares in the last quarter. Intech Investment Management LLC grew its position in Materion by 435.3% during the third quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company's stock worth $4,007,000 after buying an additional 29,131 shares during the period. Barclays PLC increased its holdings in Materion by 356.9% in the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock valued at $3,902,000 after buying an additional 27,244 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Materion by 69.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company's stock valued at $5,310,000 after acquiring an additional 19,483 shares during the period. Institutional investors and hedge funds own 93.56% of the company's stock.

Insider Transactions at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares of the company's stock, valued at approximately $1,481,343.68. This represents a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Materion Price Performance

Shares of NYSE:MTRN traded down $2.70 during trading on Wednesday, hitting $97.89. 100,009 shares of the stock were exchanged, compared to its average volume of 83,482. Materion Co. has a 12-month low of $93.20 and a 12-month high of $145.08. The company has a market cap of $2.03 billion, a PE ratio of 27.57 and a beta of 1.23. The company has a fifty day moving average price of $101.83 and a two-hundred day moving average price of $107.41. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, February 20th. Materion's dividend payout ratio is currently 15.21%.

Materion 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.