LSV Asset Management Purchases 19,200 Shares of Minerals Technologies Inc. (NYSE:MTX)

LSV Asset Management increased its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 112.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,300 shares of the basic materials company’s stock after buying an additional 19,200 shares during the quarter. LSV Asset Management owned about 0.11% of Minerals Technologies worth $2,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Minerals Technologies by 42.7% during the fourth quarter. FMR LLC now owns 1,761,925 shares of the basic materials company’s stock worth $134,276,000 after purchasing an additional 527,206 shares during the period. Norges Bank acquired a new position in Minerals Technologies during the fourth quarter worth $16,360,000. American Century Companies Inc. lifted its stake in shares of Minerals Technologies by 31.1% in the fourth quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company’s stock valued at $65,630,000 after buying an additional 204,371 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Minerals Technologies during the fourth quarter valued at about $10,797,000. Finally, Foundry Partners LLC bought a new stake in shares of Minerals Technologies during the fourth quarter worth about $7,735,000. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Up 0.6 %

Minerals Technologies stock opened at $56.19 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The stock has a market cap of $1.79 billion, a PE ratio of 10.85 and a beta of 1.25. Minerals Technologies Inc. has a fifty-two week low of $52.40 and a fifty-two week high of $90.30. The firm’s 50-day simple moving average is $66.45 and its 200 day simple moving average is $73.84.

Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s dividend payout ratio is presently 8.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTX. StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. Truist Financial dropped their price objective on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, February 10th.

About Minerals Technologies

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.