Minerals Technologies (NYSE:MTX) Cut to “Hold” at StockNews.com

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

Separately, Truist Financial reduced their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a report on Monday, February 10th.

Minerals Technologies Stock Performance

MTX traded up $1.00 on Tuesday, hitting $70.74. 272,260 shares of the stock traded hands, compared to its average volume of 173,193. The business has a fifty day moving average price of $74.89 and a two-hundred day moving average price of $76.29. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.26 billion, a PE ratio of 13.66 and a beta of 1.30. Minerals Technologies has a 52 week low of $69.43 and a 52 week high of $90.29.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Minerals Technologies will post 6.62 EPS for the current fiscal year.

Institutional Trading of Minerals Technologies

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 326 shares in the last quarter. Quarry LP increased its position in shares of Minerals Technologies by 536.5% during the 4th quarter. Quarry LP now owns 732 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 617 shares in the last quarter. Blue Trust Inc. lifted its holdings in Minerals Technologies by 2,418.2% during the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 798 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Minerals Technologies in the fourth quarter valued at about $78,000. Finally, KBC Group NV grew its stake 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 worth $113,000 after buying an additional 451 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

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.