Barrow Hanley Mewhinney & Strauss LLC Sells 35,851 Shares of Materion Corporation $MTRN

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in Materion Corporation (NYSE:MTRN) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,350 shares of the basic materials company’s stock after selling 35,851 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.91% of Materion worth $73,012,000 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 MTRN. State Street Corp raised its holdings in shares of Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after buying an additional 283,998 shares in the last quarter. American Century Companies Inc. raised its stake in Materion by 222.3% during the second quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock worth $18,923,000 after acquiring an additional 164,433 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Materion by 155.8% during the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after acquiring an additional 116,091 shares during the period. Royce & Associates LP bought a new position in shares of Materion during the third quarter valued at $11,779,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Materion by 28.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 349,500 shares of the basic materials company’s stock valued at $42,223,000 after purchasing an additional 78,349 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Stock Up 1.4%

Shares of Materion stock opened at $147.34 on Wednesday. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $172.03. The business has a fifty day simple moving average of $146.39 and a 200 day simple moving average of $129.76. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.06 billion, a PE ratio of 41.04 and a beta of 0.84.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The business had revenue of $489.75 million for the quarter, compared to the consensus estimate of $448.78 million. During the same quarter last year, the business posted $1.55 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Research analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Thursday, February 19th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Materion’s dividend payout ratio (DPR) is 15.60%.

Analysts Set New Price Targets

MTRN has been the topic of several recent analyst reports. KeyCorp boosted their target price on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.00.

Insider Transactions at Materion

In other news, Director Vinod M. Khilnani sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $148.86, for a total value of $595,440.00. Following the completion of the sale, the director directly owned 13,665 shares of the company’s stock, valued at $2,034,171.90. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the completion of the transaction, the chief executive officer directly owned 118,008 shares in the company, valued at $18,510,734.88. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 49,549 shares of company stock worth $7,548,444. 2.60% of the stock is owned by insiders.

About Materion

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.