Materion Corp (MTRN) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Materion Corp (NYSE:MTRN) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,684,188 shares of the basic materials company’s stock after acquiring an additional 8,344 shares during the quarter. Dimensional Fund Advisors LP owned about 8.40% of Materion worth $72,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTRN. SG Americas Securities LLC purchased a new stake in shares of Materion during the 3rd quarter valued at about $128,000. Victory Capital Management Inc. boosted its holdings in shares of Materion by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock worth $167,000 after buying an additional 669 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Materion by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after buying an additional 34 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Materion in the third quarter worth approximately $205,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Materion in the third quarter worth approximately $266,000. 89.99% of the stock is currently owned by hedge funds and other institutional investors.

Materion Corp (NYSE:MTRN) opened at $48.90 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. The stock has a market cap of $969.10, a P/E ratio of 37.62 and a beta of 1.07. Materion Corp has a 1-year low of $31.05 and a 1-year high of $52.10.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Materion had a net margin of 2.48% and a return on equity of 6.08%. The company had revenue of $294.27 million for the quarter, compared to the consensus estimate of $290.96 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. analysts expect that Materion Corp will post 1.6 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, November 7th. Materion’s dividend payout ratio is currently 30.77%.

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the transaction, the vice president now owns 13,061 shares of the company’s stock, valued at $647,825.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director N Mohan Reddy sold 11,393 shares of Materion stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $50.11, for a total transaction of $570,903.23. The disclosure for this sale can be found here. Insiders have sold 48,470 shares of company stock worth $2,420,896 in the last ninety days. Insiders own 2.90% of the company’s stock.

A number of research firms recently issued reports on MTRN. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Wednesday. ValuEngine downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. KeyCorp reissued a “hold” rating on shares of Materion in a report on Monday, November 13th. BidaskClub raised shares of Materion from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reissued a “hold” rating and issued a $36.00 price objective on shares of Materion in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.00.

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Materion Profile

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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