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

Vaughan Nelson Investment Management L.P. lifted its holdings in Materion Co. (NYSE:MTRN) by 21.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 538,975 shares of the basic materials company’s stock after buying an additional 96,525 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 2.60% of Materion worth $58,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Materion by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock worth $336,389,000 after purchasing an additional 12,041 shares during the period. Trigran Investments Inc. lifted its holdings in Materion by 1.9% during the 4th quarter. Trigran Investments Inc. now owns 687,794 shares of the basic materials company’s stock valued at $89,503,000 after buying an additional 12,500 shares in the last quarter. Jennison Associates LLC boosted its position in Materion by 29.7% in the 1st quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock valued at $34,534,000 after buying an additional 60,030 shares during the period. Schroder Investment Management Group grew its stake in Materion by 0.8% in the 4th quarter. Schroder Investment Management Group now owns 154,255 shares of the basic materials company’s stock worth $20,073,000 after acquiring an additional 1,251 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Materion during the fourth quarter worth approximately $16,369,000. 93.56% of the stock is owned by institutional investors.

Materion Stock Down 0.8 %

NYSE MTRN traded down $0.93 during trading on Friday, reaching $112.94. 77,787 shares of the company’s stock traded hands, compared to its average volume of 101,945. Materion Co. has a 12-month low of $92.23 and a 12-month high of $145.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.91 and a quick ratio of 1.07. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 28.31 and a beta of 1.19. The company’s 50 day simple moving average is $110.98 and its two-hundred day simple moving average is $118.79.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Materion had a net margin of 5.19% and a return on equity of 12.32%. The company had revenue of $425.87 million during the quarter, compared to the consensus estimate of $424.02 million. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Materion’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Materion Co. will post 5.75 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be paid a $0.135 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.54 annualized dividend and a yield of 0.48%. Materion’s dividend payout ratio (DPR) is presently 13.53%.

Wall Street Analysts Forecast Growth

MTRN has been the topic of several research analyst reports. StockNews.com raised Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. KeyCorp lowered their target price on Materion from $156.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, May 10th.

About Materion

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.