Minerals Technologies Inc (NYSE:MTX) hit a new 52-week low on Monday . The company traded as low as $64.15 and last traded at $64.50, with a volume of 2071 shares trading hands. The stock had previously closed at $65.05.
A number of equities research analysts have weighed in on the company. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 25th. ValuEngine cut Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th.
The company has a quick ratio of 1.53, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.69 and a beta of 2.16.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. Minerals Technologies had a return on equity of 13.02% and a net margin of 11.50%. The company had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $442.45 million. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect that Minerals Technologies Inc will post 4.89 earnings per share for the current fiscal year.
In related news, Director John J. Carmola bought 800 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average price of $68.00 per share, with a total value of $54,400.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $81,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc increased its holdings in shares of Minerals Technologies by 1,300.0% in the second quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,300 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Minerals Technologies by 2.2% in the first quarter. Principal Financial Group Inc. now owns 166,804 shares of the basic materials company’s stock valued at $11,167,000 after purchasing an additional 3,645 shares during the period. BlueMountain Capital Management LLC increased its holdings in shares of Minerals Technologies by 133.1% in the second quarter. BlueMountain Capital Management LLC now owns 7,455 shares of the basic materials company’s stock valued at $562,000 after purchasing an additional 4,257 shares during the period. Rhumbline Advisers increased its holdings in shares of Minerals Technologies by 2.8% in the second quarter. Rhumbline Advisers now owns 76,437 shares of the basic materials company’s stock valued at $5,760,000 after purchasing an additional 2,052 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Minerals Technologies in the second quarter valued at approximately $509,000. 94.24% of the stock is currently owned by institutional investors and hedge funds.
About Minerals Technologies (NYSE:MTX)
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.
Further Reading: Book Value Per Share – BVPS
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