Fisher Asset Management LLC Purchases 1,627 Shares of Materion Co. (NYSE:MTRN)

Fisher Asset Management LLC grew its position in shares of Materion Co. (NYSE:MTRN) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,578 shares of the basic materials company’s stock after purchasing an additional 1,627 shares during the quarter. Fisher Asset Management LLC’s holdings in Materion were worth $17,515,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position 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 valued at $131,201,000 after acquiring an additional 12,454 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Materion by 12.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock valued at $67,501,000 after buying an additional 64,470 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Materion by 31.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock worth $48,010,000 after acquiring an additional 105,969 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Materion by 1.6% in the second 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 during the period. Finally, abrdn plc increased its position in shares of Materion by 19.8% in the third quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock valued at $28,941,000 after acquiring an additional 42,717 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

Materion Price Performance

Shares of NYSE MTRN opened at $115.62 on Thursday. Materion Co. has a 1 year low of $96.18 and a 1 year high of $145.08. The company’s 50-day moving average is $109.19 and its 200 day moving average is $110.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The stock has a market capitalization of $2.40 billion, a P/E ratio of 32.57 and a beta of 1.19.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $436.70 million for 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 firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, sell-side analysts expect that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.47%. Materion’s dividend payout ratio (DPR) is currently 15.21%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the sale, the vice president now directly owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

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.