Minerals Technologies Inc. (NYSE:MTX) Receives Average Recommendation of “Buy” from Brokerages

Shares of Minerals Technologies Inc. (NYSE:MTX) have been given a consensus rating of “Buy” by the three analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $68.50.

Several equities research analysts recently issued reports on the company. Seaport Res Ptn upgraded Minerals Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. TheStreet upgraded Minerals Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Finally, StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th.

Minerals Technologies Trading Down 0.1 %

Shares of NYSE:MTX opened at $72.10 on Friday. Minerals Technologies has a 12-month low of $48.61 and a 12-month high of $76.80. The stock has a market cap of $2.33 billion, a PE ratio of 27.84 and a beta of 1.33. The business has a 50 day moving average of $72.78 and a 200-day moving average of $66.29. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. The business had revenue of $524.50 million during the quarter, compared to analysts’ expectations of $506.67 million. Minerals Technologies had a return on equity of 10.26% and a net margin of 3.88%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. As a group, equities research analysts forecast that Minerals Technologies will post 5.9 earnings per share for the current year.

Insider Buying and Selling at Minerals Technologies

In other news, insider Dj Monagle III sold 1,180 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total transaction of $87,461.60. Following the completion of the transaction, the insider now directly owns 81,031 shares in the company, valued at $6,006,017.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dj Monagle III sold 1,180 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the sale, the insider now directly owns 81,031 shares in the company, valued at $6,006,017.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan J. Hastings sold 12,922 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the sale, the senior vice president now owns 53,862 shares of the company’s stock, valued at $3,850,055.76. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Minerals Technologies

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Minerals Technologies by 116.3% during the fourth quarter. State of Alaska Department of Revenue now owns 43,822 shares of the basic materials company’s stock valued at $3,124,000 after acquiring an additional 23,559 shares during the last quarter. Duality Advisers LP boosted its position in shares of Minerals Technologies by 76.8% during the 3rd quarter. Duality Advisers LP now owns 7,576 shares of the basic materials company’s stock worth $415,000 after purchasing an additional 3,292 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Minerals Technologies by 52.7% during the 3rd quarter. New York State Common Retirement Fund now owns 20,558 shares of the basic materials company’s stock worth $1,126,000 after purchasing an additional 7,098 shares in the last quarter. Jump Financial LLC bought a new position in shares of Minerals Technologies during the 3rd quarter worth about $867,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Minerals Technologies by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,840 shares of the basic materials company’s stock valued at $25,126,000 after acquiring an additional 22,790 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

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.