Arizona State Retirement System lifted its stake in shares of Minerals Technologies Inc (NYSE:MTX) by 27.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,457 shares of the basic materials company’s stock after buying an additional 5,550 shares during the period. Arizona State Retirement System owned approximately 0.07% of Minerals Technologies worth $1,753,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MTX. Public Employees Retirement Association of Colorado acquired a new stake in shares of Minerals Technologies during the fourth quarter worth $152,000. Global X Management Co. LLC lifted its stake in shares of Minerals Technologies by 75.9% during the fourth quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock worth $168,000 after buying an additional 1,050 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Minerals Technologies during the third quarter worth $218,000. Victory Capital Management Inc. lifted its stake in shares of Minerals Technologies by 67.4% during the third quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock worth $243,000 after buying an additional 1,385 shares during the period. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Minerals Technologies during the fourth quarter worth $262,000. Institutional investors and hedge funds own 96.01% of the company’s stock.
MTX has been the subject of several research reports. ValuEngine downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Minerals Technologies presently has a consensus rating of “Hold” and a consensus target price of $80.00.
Minerals Technologies Inc (NYSE MTX) opened at $73.90 on Tuesday. The stock has a market cap of $2,623.93, a price-to-earnings ratio of 13.51 and a beta of 2.28. Minerals Technologies Inc has a 1 year low of $62.55 and a 1 year high of $80.50. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.75.
Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $432.10 million during the quarter, compared to the consensus estimate of $411.95 million. Minerals Technologies had a net margin of 11.64% and a return on equity of 13.89%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. equities analysts anticipate that Minerals Technologies Inc will post 4.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Friday, February 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. Minerals Technologies’s dividend payout ratio is presently 3.66%.
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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