Minerals Technologies Inc. (NYSE:MTX) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,907 shares of the basic materials company’s stock after purchasing an additional 421 shares during the quarter. EP Wealth Advisors LLC’s holdings in Minerals Technologies were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Minerals Technologies by 181.1% during 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 last quarter. Quarry LP raised its holdings in shares of Minerals Technologies by 536.5% in the fourth quarter. Quarry LP now owns 732 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 617 shares during the last quarter. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 178 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Minerals Technologies in the fourth quarter valued at $78,000. Finally, KBC Group NV grew its position in shares of Minerals Technologies by 43.9% in the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 451 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Minerals Technologies

In related news, CFO Erik Aldag bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The stock was bought at an average price of $50.37 per share, with a total value of $50,370.00. Following the completion of the transaction, the chief financial officer now directly owns 4,245 shares of the company’s stock, valued at approximately $213,820.65. This represents a 30.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.

Minerals Technologies Price Performance

MTX stock opened at $58.26 on Tuesday. The stock has a 50-day moving average price of $59.59 and a two-hundred day moving average price of $70.60. Minerals Technologies Inc. has a 12-month low of $49.54 and a 12-month high of $90.30. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.85 billion, a PE ratio of 11.25 and a beta of 1.22.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The firm had revenue of $491.80 million for the quarter, compared to analysts’ expectations of $502.03 million. During the same period last year, the firm posted $1.49 EPS. Minerals Technologies’s revenue was down 8.0% on a year-over-year basis. As a group, research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MTX shares. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. Truist Financial lowered their price objective on Minerals Technologies from $92.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, April 28th.

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.