Minerals Technologies Inc. (NYSE:MTX) Given Consensus Rating of “Buy” by Brokerages

Minerals Technologies Inc. (NYSE:MTX) has been given an average recommendation of “Buy” by the three brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $68.50.

A number of brokerages have recently commented on MTX. TheStreet raised shares of Minerals Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Seaport Res Ptn upgraded shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a report on Monday, February 5th.

Insider Buying and Selling at Minerals Technologies

In other Minerals Technologies news, insider Dj Monagle III sold 1,180 shares of Minerals Technologies stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the transaction, the insider now directly owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Jonathan J. Hastings sold 12,922 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the transaction, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at $3,850,055.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dj Monagle III sold 1,180 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the transaction, the insider now directly owns 81,031 shares of the company’s stock, valued at $6,006,017.72. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Minerals Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTX. US Bancorp DE raised its stake in shares of Minerals Technologies by 1.6% during the fourth quarter. US Bancorp DE now owns 12,457 shares of the basic materials company’s stock worth $888,000 after purchasing an additional 196 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Minerals Technologies by 3.2% during the third quarter. Inspire Investing LLC now owns 6,395 shares of the basic materials company’s stock worth $350,000 after purchasing an additional 197 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Minerals Technologies by 97.9% during the fourth quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 275 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Minerals Technologies by 0.4% during the third quarter. Rhumbline Advisers now owns 106,485 shares of the basic materials company’s stock worth $5,831,000 after purchasing an additional 453 shares during the last quarter. Finally, Keybank National Association OH raised its stake in shares of Minerals Technologies by 6.9% during the third quarter. Keybank National Association OH now owns 9,125 shares of the basic materials company’s stock worth $500,000 after purchasing an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Minerals Technologies stock opened at $72.10 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. Minerals Technologies has a 52-week low of $48.61 and a 52-week high of $76.80. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 27.84 and a beta of 1.33. The firm’s fifty day moving average is $72.78 and its 200 day moving average is $66.29.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Friday, February 2nd. The basic materials company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The firm had revenue of $524.50 million for the quarter, compared to analysts’ expectations of $506.67 million. Minerals Technologies had a net margin of 3.88% and a return on equity of 10.26%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Sell-side analysts forecast that Minerals Technologies will post 5.9 EPS for the current fiscal year.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.