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

Vaughan Nelson Investment Management L.P. lifted its position in Materion Co. (NYSE:MTRN) by 12.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,445 shares of the basic materials company’s stock after purchasing an additional 64,470 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Materion were worth $67,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Materion by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock worth $336,389,000 after acquiring an additional 12,041 shares during the period. Dimensional Fund Advisors LP lifted its stake in Materion by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock worth $131,201,000 after purchasing an additional 12,454 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings 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 valued at $48,010,000 after purchasing an additional 105,969 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Materion by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 350,247 shares of the basic materials company’s stock worth $37,872,000 after buying an additional 5,585 shares in the last quarter. Finally, abrdn plc lifted its position in shares of Materion by 19.8% during the 3rd 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 during the period. 93.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Materion Price Performance

NYSE:MTRN opened at $114.44 on Friday. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.37 billion, a PE ratio of 32.24 and a beta of 1.19. Materion Co. has a 12 month low of $96.18 and a 12 month high of $145.08. The company’s 50-day moving average price is $107.73 and its two-hundred day moving average price is $110.37.

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

Materion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

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

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.