LSV Asset Management Boosts Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

LSV Asset Management raised its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 112.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,300 shares of the basic materials company's stock after acquiring an additional 19,200 shares during the quarter. LSV Asset Management owned about 0.11% of Minerals Technologies worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MTX. Smartleaf Asset Management LLC raised its stake in shares of Minerals Technologies by 181.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 326 shares during the period. Blue Trust Inc. grew its holdings in 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 buying an additional 178 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Minerals Technologies during the fourth quarter valued at about $78,000. KBC Group NV lifted its holdings in shares of Minerals Technologies by 43.9% in 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Minerals Technologies in the fourth quarter valued at approximately $145,000. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Truist Financial decreased their price target on shares of Minerals Technologies from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Monday, April 14th.

Minerals Technologies Price Performance

Shares of NYSE MTX traded up $0.48 during midday trading on Friday, hitting $56.73. 217,214 shares of the company's stock were exchanged, compared to its average volume of 172,264. The business's fifty day moving average price is $64.68 and its two-hundred day moving average price is $73.20. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 10.95 and a beta of 1.25. 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 Inc. has a 12-month low of $52.40 and a 12-month high of $90.30.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. As a group, research analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies's payout ratio is currently 8.49%.

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.