Victory Capital Management Inc. Has $65.79 Million Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Victory Capital Management Inc. reduced its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 863,240 shares of the basic materials company’s stock after selling 160,297 shares during the quarter. Victory Capital Management Inc. owned 2.71% of Minerals Technologies worth $65,788,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after buying an additional 326 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after buying an additional 178 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Minerals Technologies during the fourth quarter valued at about $78,000. KBC Group NV grew its holdings in shares of 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 buying an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Minerals Technologies during the fourth quarter valued at about $145,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTX. 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. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Minerals Technologies Stock Down 0.3 %

MTX opened at $67.91 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The company’s 50-day moving average is $73.40 and its 200 day moving average is $75.97. Minerals Technologies Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $90.29. The firm has a market capitalization of $2.17 billion, a P/E ratio of 13.11 and a beta of 1.28.

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

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.65%. The ex-dividend date was Friday, February 14th. Minerals Technologies’s dividend payout ratio is 8.49%.

About Minerals Technologies

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.