Minerals Technologies (MTX) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Minerals Technologies (NYSE: MTX) in the last few weeks:

  • 6/11/2019 – Minerals Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 6/4/2019 – Minerals Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/30/2019 – Minerals Technologies was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 5/28/2019 – Minerals Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/22/2019 – Minerals Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/15/2019 – Minerals Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/9/2019 – Minerals Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 5/1/2019 – Minerals Technologies was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $65.00 price target on the stock.
  • 4/25/2019 – Minerals Technologies was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.

Shares of MTX traded down $0.13 during trading hours on Wednesday, hitting $57.45. The stock had a trading volume of 2,700 shares, compared to its average volume of 132,110. Minerals Technologies Inc has a 12 month low of $47.07 and a 12 month high of $80.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.31 and a quick ratio of 1.66. The firm has a market capitalization of $2.01 billion, a P/E ratio of 11.87, a PEG ratio of 1.64 and a beta of 1.95.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $437.70 million during the quarter, compared to analyst estimates of $447.65 million. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 earnings per share. Analysts expect that Minerals Technologies Inc will post 4.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.35%. Minerals Technologies’s payout ratio is 4.13%.

Several hedge funds and other institutional investors have recently modified their holdings of MTX. BlackRock Inc. raised its stake in Minerals Technologies by 3.8% in the 4th quarter. BlackRock Inc. now owns 4,122,961 shares of the basic materials company’s stock worth $211,673,000 after acquiring an additional 152,414 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Minerals Technologies by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,810,140 shares of the basic materials company’s stock valued at $106,419,000 after acquiring an additional 67,880 shares during the period. Victory Capital Management Inc. grew its position in shares of Minerals Technologies by 4.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,192,066 shares of the basic materials company’s stock valued at $70,082,000 after acquiring an additional 54,062 shares during the period. Wellington Management Group LLP boosted its holdings in Minerals Technologies by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 1,134,548 shares of the basic materials company’s stock worth $66,701,000 after buying an additional 178,001 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Minerals Technologies by 0.9% in the 1st quarter. Northern Trust Corp now owns 1,041,022 shares of the basic materials company’s stock worth $61,201,000 after buying an additional 9,468 shares during the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.

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.

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