Minerals Technologies Inc (NYSE:MTX) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus target price of $77.00 for the company and are anticipating that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Minerals Technologies an industry rank of 174 out of 265 based on the ratings given to related companies.
Several research analysts have recently commented on MTX shares. ValuEngine upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th.
In other news, Director Joseph C. Breunig bought 800 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was bought at an average price of $69.36 per share, for a total transaction of $55,488.00. Following the transaction, the director now owns 1,200 shares in the company, valued at $83,232. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in Minerals Technologies during the 4th quarter valued at approximately $326,000. Lake Street Advisors Group LLC acquired a new position in Minerals Technologies during the 4th quarter valued at approximately $964,000. MetLife Investment Advisors LLC acquired a new position in Minerals Technologies during the 4th quarter valued at approximately $2,674,000. Gotham Asset Management LLC boosted its position in Minerals Technologies by 49.6% during the 4th quarter. Gotham Asset Management LLC now owns 44,037 shares of the basic materials company’s stock valued at $3,032,000 after purchasing an additional 14,592 shares during the period. Finally, Jane Street Group LLC acquired a new position in Minerals Technologies during the 4th quarter valued at approximately $719,000. Institutional investors and hedge funds own 96.01% of the company’s stock.
Minerals Technologies (NYSE:MTX) traded down $0.40 during mid-day trading on Friday, reaching $72.25. The company’s stock had a trading volume of 63,336 shares, compared to its average volume of 168,883. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.75. Minerals Technologies has a 52 week low of $62.55 and a 52 week high of $80.50. The stock has a market cap of $2,560.00, a P/E ratio of 17.34 and a beta of 2.28.
Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, February 1st. The basic materials company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01. The company had revenue of $432.10 million during the quarter, compared to analyst estimates of $411.95 million. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. equities research analysts anticipate that Minerals Technologies will post 4.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Friday, February 16th were given a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Minerals Technologies’s payout ratio is 4.81%.
ILLEGAL ACTIVITY NOTICE: “Zacks: Minerals Technologies Inc (MTX) Given Consensus Recommendation of “Buy” by Analysts” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/07/zacks-minerals-technologies-inc-mtx-given-consensus-recommendation-of-buy-by-analysts.html.
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.
Get a free copy of the Zacks research report on Minerals Technologies (MTX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.