Minerals Technologies (NYSE:MTX) Hits New 1-Year Low – Should You Sell?

Shares of Minerals Technologies Inc. (NYSE:MTX) reached a new 52-week low during trading on Thursday . The company traded as low as $58.54 and last traded at $59.20, with a volume of 74294 shares traded. The stock had previously closed at $63.06.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MTX shares. Truist Financial dropped their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. StockNews.com upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday.

Minerals Technologies Stock Down 4.9 %

The stock has a fifty day moving average price of $69.35 and a two-hundred day moving average price of $74.71. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 10.75 and a beta of 1.25. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. As a group, sell-side analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.79%. Minerals Technologies’s dividend payout ratio is presently 8.49%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blair William & Co. IL increased its holdings in Minerals Technologies by 3.2% in the 4th quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock valued at $431,000 after buying an additional 177 shares during the period. Blue Trust Inc. increased its stake in Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 178 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Minerals Technologies by 4.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 5,312 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 235 shares in the last quarter. Savant Capital LLC lifted its stake in Minerals Technologies by 7.4% during 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 last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Minerals Technologies by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock valued at $494,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

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.