Shares of Minerals Technologies Inc. (NYSE:MTX) have been given a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company. Minerals Technologies’ rating score has improved by 16.5% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $77.00 for the company and are expecting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 102 out of 265 based on the ratings given to related companies.
Several analysts recently commented on MTX shares. ValuEngine cut Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th.
In related news, Director Joseph C. Breunig bought 800 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $69.36 per share, for a total transaction of $55,488.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $83,232. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Minerals Technologies by 0.5% in the 4th quarter. BlackRock Inc. now owns 3,683,524 shares of the basic materials company’s stock valued at $253,611,000 after buying an additional 17,944 shares in the last quarter. Royce & Associates LP grew its holdings in Minerals Technologies by 12.1% in the 4th quarter. Royce & Associates LP now owns 1,263,881 shares of the basic materials company’s stock valued at $87,018,000 after buying an additional 136,595 shares in the last quarter. Franklin Resources Inc. grew its holdings in Minerals Technologies by 84.0% in the 4th quarter. Franklin Resources Inc. now owns 733,719 shares of the basic materials company’s stock valued at $50,517,000 after buying an additional 334,900 shares in the last quarter. American Century Companies Inc. grew its holdings in Minerals Technologies by 3.1% in the 4th quarter. American Century Companies Inc. now owns 628,478 shares of the basic materials company’s stock valued at $43,271,000 after buying an additional 18,889 shares in the last quarter. Finally, Boston Partners grew its holdings in Minerals Technologies by 10.2% in the 4th quarter. Boston Partners now owns 570,774 shares of the basic materials company’s stock valued at $39,298,000 after buying an additional 52,839 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.
Shares of MTX traded up $0.30 during trading hours on Thursday, hitting $71.95. 106,794 shares of the stock were exchanged, compared to its average volume of 150,032. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.04 and a current ratio of 2.75. Minerals Technologies has a 12-month low of $62.55 and a 12-month high of $80.50. The stock has a market capitalization of $2,508.77, a price-to-earnings ratio of 15.58, a PEG ratio of 1.74 and a beta of 2.27.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The firm had revenue of $432.10 million during the quarter, compared to analysts’ expectations of $411.95 million. During the same period in the previous year, the business earned $1.08 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts predict that Minerals Technologies will post 4.95 earnings per share for the current year.
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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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