Truist Financial Raises Minerals Technologies (NYSE:MTX) Price Target to $89.00

Minerals Technologies (NYSE:MTX) had its price objective hoisted by stock analysts at Truist Financial from $84.00 to $89.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Truist Financial’s price target indicates a potential upside of 28.83% from the company’s previous close.

A number of other equities research analysts have also commented on MTX. Zacks Research upgraded Minerals Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Wall Street Zen lowered shares of Minerals Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Minerals Technologies in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $89.00.

Minerals Technologies Price Performance

NYSE MTX opened at $69.09 on Monday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -135.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.45. The stock’s fifty day moving average price is $63.11 and its 200 day moving average price is $61.32. Minerals Technologies has a 1 year low of $49.54 and a 1 year high of $76.96.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.01). The firm had revenue of $519.50 million for the quarter, compared to analyst estimates of $517.83 million. Minerals Technologies had a positive return on equity of 10.22% and a negative net margin of 0.89%.The business’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts forecast that Minerals Technologies will post 6.62 earnings per share for the current year.

Insider Activity

In other Minerals Technologies news, insider Dj Monagle III sold 23,093 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $61.90, for a total transaction of $1,429,456.70. Following the transaction, the insider directly owned 84,349 shares of the company’s stock, valued at $5,221,203.10. This trade represents a 21.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brett Argirakis sold 6,501 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $58.68, for a total transaction of $381,478.68. Following the transaction, the insider owned 27,602 shares of the company’s stock, valued at approximately $1,619,685.36. This trade represents a 19.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Minerals Technologies

Large investors have recently bought and sold shares of the company. Horizon Investments LLC raised its holdings in shares of Minerals Technologies by 14.1% during the fourth quarter. Horizon Investments LLC now owns 10,175 shares of the basic materials company’s stock valued at $620,000 after acquiring an additional 1,260 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Minerals Technologies during the fourth quarter worth approximately $50,000. UBS Group AG raised its stake in Minerals Technologies by 49.5% in the 4th quarter. UBS Group AG now owns 38,541 shares of the basic materials company’s stock valued at $2,349,000 after purchasing an additional 12,761 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Minerals Technologies by 8.4% in the 4th quarter. Sanctuary Advisors LLC now owns 5,067 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 394 shares in the last quarter. Finally, First Horizon Corp boosted its stake in Minerals Technologies by 120.9% during the 4th quarter. First Horizon Corp now owns 1,228 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 672 shares during the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Minerals Technologies

Here are the key news stories impacting Minerals Technologies this week:

• Positive Sentiment: Truist raised its price target on MTX from $84 to $89 and maintained a Buy rating, increasing the implied upside and giving institutional investors a higher valuation anchor. Truist price-target raise
• Positive Sentiment: Seeking Alpha published an upgrade titled “Minerals Technologies: Downside Priced, Upside Intact,” citing better execution, favorable business mix, organic growth initiatives and growing high‑margin product adoption—supporting a bullish near-term thesis. Minerals Technologies: Downside Priced, Upside Intact (Upgrade)
• Neutral Sentiment: Recent fourth-quarter results (Jan. 29) were mixed: revenue slightly beat estimates ($519.5M vs. $517.8M) while EPS missed by $0.01 ($1.27 vs. $1.28). Management’s revenue growth was essentially flat year‑over‑year, leaving execution improvements the main driver of analyst optimism. Quarterly results summary
• Negative Sentiment: Financial metrics still show risks: a reported negative net margin and a negative trailing P/E in the data summary suggest profitability pressure or one‑time items; discount valuations reflect those concerns and keep upside contingent on sustained margin recovery. Financial snapshot

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.