Dimensional Fund Advisors LP Increases Stock Position in Materion Co. (NYSE:MTRN)

Dimensional Fund Advisors LP lifted its stake in Materion Co. (NYSE:MTRN) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,213,367 shares of the basic materials company’s stock after buying an additional 12,454 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Materion worth $131,201,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Materion by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 34,068 shares of the basic materials company’s stock worth $3,684,000 after purchasing an additional 4,274 shares during the last quarter. LGT Group Foundation increased its holdings in Materion by 0.9% in the 2nd quarter. LGT Group Foundation now owns 31,153 shares of the basic materials company’s stock worth $3,369,000 after buying an additional 291 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Materion by 22.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 22,142 shares of the basic materials company’s stock worth $2,394,000 after buying an additional 4,076 shares in the last quarter. Quest Partners LLC increased its holdings in Materion by 25,600.0% in the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Materion by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Materion Price Performance

NYSE MTRN opened at $108.07 on Monday. Materion Co. has a one year low of $92.23 and a one year high of $145.08. The stock has a 50-day moving average of $112.25 and a 200 day moving average of $115.49. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 27.09 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25.

Materion (NYSE:MTRN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. Materion had a net margin of 4.80% and a return on equity of 12.20%. The firm had revenue of $425.87 million during the quarter, compared to analyst estimates of $424.02 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Materion Co. will post 5.74 EPS for the current year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, August 23rd. Materion’s payout ratio is currently 13.53%.

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.