Minerals Technologies (MTX) Sets New 12-Month Low at $49.34

Shares of Minerals Technologies Inc (NYSE:MTX) reached a new 52-week low on Friday . The stock traded as low as $49.34 and last traded at $49.75, with a volume of 3940 shares changing hands. The stock had previously closed at $50.72.

Several analysts have recently weighed in on MTX shares. Zacks Investment Research cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. TheStreet cut shares of Minerals Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Finally, ValuEngine cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 8th.

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.57 and a current ratio of 2.15. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.17 and a beta of 2.16.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, November 1st. The basic materials company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.02. The firm had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $464.20 million. Minerals Technologies had a net margin of 11.38% and a return on equity of 12.91%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. As a group, analysts forecast that Minerals Technologies Inc will post 4.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 26th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Friday, November 23rd. Minerals Technologies’s dividend payout ratio (DPR) is currently 4.36%.

In related news, VP Andrew M. Jones sold 7,486 shares of Minerals Technologies stock in a transaction on Friday, November 16th. The shares were sold at an average price of $57.31, for a total value of $429,022.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc raised its position in Minerals Technologies by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 3,249,318 shares of the basic materials company’s stock worth $219,654,000 after purchasing an additional 41,020 shares during the period. Vanguard Group Inc. raised its position in Minerals Technologies by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,249,318 shares of the basic materials company’s stock worth $219,654,000 after purchasing an additional 41,020 shares during the period. Morgan Stanley raised its position in Minerals Technologies by 16.6% in the 3rd quarter. Morgan Stanley now owns 151,822 shares of the basic materials company’s stock worth $10,262,000 after purchasing an additional 21,621 shares during the period. Teachers Advisors LLC raised its position in Minerals Technologies by 3.1% in the 3rd quarter. Teachers Advisors LLC now owns 83,238 shares of the basic materials company’s stock worth $5,627,000 after purchasing an additional 2,464 shares during the period. Finally, Macquarie Group Ltd. raised its position in Minerals Technologies by 15.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,444,320 shares of the basic materials company’s stock worth $97,636,000 after purchasing an additional 195,654 shares during the period. Institutional investors own 93.99% of the company’s stock.

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Minerals Technologies Company Profile (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.

See Also: Preferred Stock

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