New York State Common Retirement Fund boosted its position in Minerals Technologies Inc (NYSE:MTX) by 5.7% in the first quarter, HoldingsChannel reports. The firm owned 36,800 shares of the basic materials company’s stock after buying an additional 2,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Minerals Technologies were worth $2,163,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantamental Technologies LLC grew its stake in shares of Minerals Technologies by 11.8% in the first quarter. Quantamental Technologies LLC now owns 1,895 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 200 shares during the last quarter. Starr International Co. Inc. purchased a new stake in shares of Minerals Technologies in the first quarter worth $147,000. Valley National Advisers Inc. grew its stake in shares of Minerals Technologies by 19.9% in the first quarter. Valley National Advisers Inc. now owns 3,292 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 546 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Minerals Technologies in the first quarter worth $215,000. Finally, Rowland & Co. Investment Counsel ADV grew its stake in shares of Minerals Technologies by 7.1% in the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 4,015 shares of the basic materials company’s stock worth $206,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 94.55% of the company’s stock.
NYSE MTX opened at $58.28 on Friday. Minerals Technologies Inc has a 12 month low of $47.07 and a 12 month high of $80.80. The firm has a market capitalization of $2.02 billion, a PE ratio of 12.04, a P/E/G ratio of 1.65 and a beta of 1.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.66 and a current ratio of 2.31.
Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, May 2nd. The basic materials company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. The firm had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $447.65 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Minerals Technologies Inc will post 4.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. Minerals Technologies’s dividend payout ratio (DPR) is presently 4.13%.
A number of research firms have recently commented on MTX. Gabelli reissued a “buy” rating on shares of Minerals Technologies in a research note on Thursday, March 28th. TheStreet cut Minerals Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.00.
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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.
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