Minerals Technologies (NYSE:MTX) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Minerals Technologies (NYSE:MTX) from a hold rating to a buy rating in a research note published on Thursday.

Separately, Truist Financial initiated coverage on shares of Minerals Technologies in a research report on Tuesday, January 28th. They set a “buy” rating and a $103.00 target price for the company.

Minerals Technologies Stock Up 0.2 %

MTX opened at $76.06 on Thursday. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $77.05 and a 200-day moving average price of $76.88. Minerals Technologies has a twelve month low of $67.92 and a twelve month high of $90.29. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.12 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.20% and a return on equity of 11.27%. Equities research analysts forecast that Minerals Technologies will post 6.05 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.58%. Minerals Technologies’s dividend payout ratio (DPR) is 9.32%.

Institutional Trading of Minerals Technologies

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after buying an additional 178 shares during the period. Savant Capital LLC boosted its position in shares of Minerals Technologies by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after purchasing an additional 260 shares during the period. QRG Capital Management Inc. boosted its position in shares of Minerals Technologies by 4.5% in the fourth quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock worth $494,000 after purchasing an additional 280 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 326 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Minerals Technologies by 9.6% in the third quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 366 shares during the period. 97.29% of the stock is currently owned by institutional investors.

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.