Minerals Technologies Inc. (NYSE:MTX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

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. “

Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

Shares of Minerals Technologies (NYSE MTX) traded down 1.04% during mid-day trading on Friday, reaching $66.50. 394,689 shares of the company’s stock traded hands. The company has a market cap of $2.33 billion, a P/E ratio of 15.13 and a beta of 2.21. The firm has a 50-day moving average of $65.58 and a 200 day moving average of $72.25. Minerals Technologies has a 12-month low of $62.55 and a 12-month high of $83.85.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The business had revenue of $414.10 million for the quarter, compared to the consensus estimate of $427.21 million. Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%. Equities analysts forecast that Minerals Technologies will post $4.60 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in MTX. Oregon Public Employees Retirement Fund boosted its position in shares of Minerals Technologies by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,246 shares of the basic materials company’s stock valued at $938,000 after acquiring an additional 200 shares during the period. Wells Fargo & Company MN boosted its position in shares of Minerals Technologies by 4.3% in the first quarter. Wells Fargo & Company MN now owns 35,761 shares of the basic materials company’s stock valued at $2,739,000 after acquiring an additional 1,488 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Minerals Technologies by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 21,400 shares of the basic materials company’s stock valued at $1,638,000 after acquiring an additional 1,069 shares during the period. State Treasurer State of Michigan boosted its position in shares of Minerals Technologies by 1.4% in the first quarter. State Treasurer State of Michigan now owns 14,280 shares of the basic materials company’s stock valued at $1,094,000 after acquiring an additional 200 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Minerals Technologies by 38.8% in the first quarter. Advisors Asset Management Inc. now owns 7,027 shares of the basic materials company’s stock valued at $538,000 after acquiring an additional 1,964 shares during the period. Institutional investors own 94.63% of the company’s stock.

Minerals Technologies Company Profile

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

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