Truist Financial Begins Coverage on Minerals Technologies (NYSE:MTX)

Investment analysts at Truist Financial started coverage on shares of Minerals Technologies (NYSE:MTX) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $103.00 price target on the basic materials company’s stock. Truist Financial’s price target would indicate a potential upside of 34.97% from the stock’s previous close.

Separately, StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Minerals Technologies Stock Performance

NYSE:MTX opened at $76.32 on Tuesday. The business’s 50-day moving average price is $77.91 and its two-hundred day moving average price is $77.36. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.43 billion, a P/E ratio of 16.17 and a beta of 1.31. Minerals Technologies has a twelve month low of $64.91 and a twelve month high of $90.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Minerals Technologies by 2,418.2% in the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock worth $69,000 after buying an additional 798 shares in the last quarter. Quarry LP raised its holdings in shares of Minerals Technologies by 1,857.4% during the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 873 shares during the last quarter. KBC Group NV lifted its position in Minerals Technologies by 43.9% during the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 451 shares during the period. CWM LLC boosted its holdings in Minerals Technologies by 40.6% in the third quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 540 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Minerals Technologies during the 4th quarter valued at $145,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.