Minerals Technologies (NYSE:MTX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “

MTX has been the subject of a number of other reports. KeyCorp reissued a “hold” rating on shares of Minerals Technologies in a research note on Monday, November 6th. ValuEngine raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $80.00.

Minerals Technologies (NYSE MTX) opened at $75.40 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.98 and a current ratio of 2.66. The stock has a market cap of $2,671.97, a PE ratio of 17.18 and a beta of 2.26. Minerals Technologies has a one year low of $62.55 and a one year high of $83.85.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, November 2nd. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $424.40 million during the quarter, compared to analyst estimates of $404.80 million. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. Minerals Technologies’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. equities research analysts predict that Minerals Technologies will post 4.57 earnings per share for the current fiscal year.

Minerals Technologies declared that its board has initiated a share repurchase plan on Thursday, September 21st that permits the company to buyback $150.00 million in shares. This buyback authorization permits the basic materials company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in Minerals Technologies by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 225,149 shares of the basic materials company’s stock valued at $15,502,000 after purchasing an additional 14,876 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Minerals Technologies by 264.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,291 shares of the basic materials company’s stock worth $444,000 after buying an additional 4,567 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Minerals Technologies by 3.2% during the 3rd quarter. California Public Employees Retirement System now owns 73,698 shares of the basic materials company’s stock worth $5,207,000 after buying an additional 2,298 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Minerals Technologies during the 3rd quarter worth about $218,000. Finally, Royce & Associates LP raised its position in shares of Minerals Technologies by 2.5% during the 3rd quarter. Royce & Associates LP now owns 1,127,286 shares of the basic materials company’s stock worth $79,643,000 after buying an additional 27,656 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

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About Minerals Technologies

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

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