A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Minerals Technologies from a hold rating to a sell rating in a research note on Tuesday, July 9th. TheStreet downgraded shares of Minerals Technologies from a b- rating to a c+ rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $65.00.
NYSE MTX opened at $53.93 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.66 and a current ratio of 2.30. The firm’s 50 day moving average price is $49.98 and its 200-day moving average price is $55.58. Minerals Technologies has a 52-week low of $45.26 and a 52-week high of $70.55. The company has a market cap of $1.89 billion, a PE ratio of 11.14, a P/E/G ratio of 3.71 and a beta of 1.86.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.05. Minerals Technologies had a net margin of 8.40% and a return on equity of 11.82%. The firm had revenue of $463.80 million for the quarter, compared to the consensus estimate of $458.47 million. During the same period last year, the firm earned $1.28 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts forecast that Minerals Technologies will post 4.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.20 annualized dividend and a yield of 0.37%. Minerals Technologies’s dividend payout ratio (DPR) is 4.13%.
In other news, CEO Douglas T. Dietrich bought 1,500 shares of the stock in a transaction on Thursday, August 29th. The stock was bought at an average cost of $47.99 per share, for a total transaction of $71,985.00. Following the completion of the purchase, the chief executive officer now directly owns 71,841 shares in the company, valued at $3,447,649.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Meek sold 7,502 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $45.90, for a total transaction of $344,341.80. Following the completion of the sale, the senior vice president now owns 65,752 shares of the company’s stock, valued at $3,018,016.80. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Minerals Technologies by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,742,260 shares of the basic materials company’s stock valued at $89,447,000 after acquiring an additional 131,643 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Minerals Technologies by 7.0% in the second quarter. Victory Capital Management Inc. now owns 1,275,542 shares of the basic materials company’s stock valued at $68,254,000 after acquiring an additional 83,476 shares in the last quarter. Northern Trust Corp boosted its stake in Minerals Technologies by 6.4% in the second quarter. Northern Trust Corp now owns 1,107,178 shares of the basic materials company’s stock valued at $59,245,000 after acquiring an additional 66,156 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Minerals Technologies by 30.7% in the second quarter. Nuveen Asset Management LLC now owns 799,274 shares of the basic materials company’s stock valued at $42,769,000 after acquiring an additional 187,964 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Minerals Technologies by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 462,063 shares of the basic materials company’s stock valued at $24,725,000 after acquiring an additional 5,115 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.
Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
Recommended Story: How is a price target determined?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Minerals Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies and related companies with MarketBeat.com's FREE daily email newsletter.