Minerals Technologies (NYSE:MTX) Stock Rating Upgraded by StockNews.com

Minerals Technologies (NYSE:MTX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Truist Financial dropped their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th.

Minerals Technologies Trading Down 2.0 %

NYSE:MTX traded down $1.28 during trading hours on Tuesday, hitting $62.29. 146,185 shares of the company were exchanged, compared to its average volume of 167,924. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 12.03 and a beta of 1.28. Minerals Technologies has a one year low of $61.60 and a one year high of $90.30. The company has a fifty day simple moving average of $70.36 and a 200 day simple moving average of $75.02. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Sell-side analysts expect that Minerals Technologies will post 6.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Minerals Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its holdings in shares of Minerals Technologies by 3.2% during the 4th quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock worth $431,000 after buying an additional 177 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 178 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Minerals Technologies by 4.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 5,312 shares of the basic materials company’s stock valued at $405,000 after acquiring an additional 235 shares during the period. Savant Capital LLC boosted its stake in Minerals Technologies by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after acquiring an additional 260 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Minerals Technologies by 4.5% in the fourth quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock worth $494,000 after purchasing an additional 280 shares during the period. 97.29% of the stock is currently owned by 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.