Minerals Technologies Inc. (NYSE:MTX) Director Buys $53,790.00 in Stock

Minerals Technologies Inc. (NYSE:MTX) Director Kristina M. Johnson purchased 1,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $53.79 per share, with a total value of $53,790.00. Following the completion of the purchase, the director now owns 1,400 shares of the company’s stock, valued at approximately $75,306. This represents a 250.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Minerals Technologies Stock Up 1.1 %

MTX traded up $0.58 during midday trading on Monday, reaching $53.59. 59,190 shares of the company were exchanged, compared to its average volume of 179,101. Minerals Technologies Inc. has a one year low of $49.54 and a one year high of $90.30. 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 company’s fifty day moving average price is $61.22 and its 200 day moving average price is $71.58. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 10.34 and a beta of 1.22.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTX. Barclays PLC grew its position in Minerals Technologies by 210.1% during the third quarter. Barclays PLC now owns 111,526 shares of the basic materials company’s stock valued at $8,615,000 after buying an additional 75,565 shares during the period. Tidal Investments LLC raised its holdings in shares of Minerals Technologies by 14.6% in the 3rd quarter. Tidal Investments LLC now owns 7,454 shares of the basic materials company’s stock worth $576,000 after purchasing an additional 948 shares during the period. Franklin Resources Inc. lifted its stake in Minerals Technologies by 21.1% in the third quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company’s stock valued at $3,728,000 after purchasing an additional 8,335 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Minerals Technologies by 2.0% during the third quarter. Principal Financial Group Inc. now owns 162,291 shares of the basic materials company’s stock valued at $12,534,000 after purchasing an additional 3,230 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Minerals Technologies by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock worth $8,950,000 after buying an additional 10,284 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MTX has been the topic of several recent research reports. StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. Truist Financial decreased their price target on shares of Minerals Technologies from $92.00 to $80.00 and set a “buy” rating for the company in a research note 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.