Trexquant Investment LP Grows Position in Minerals Technologies Inc. (NYSE:MTX)

Trexquant Investment LP increased its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,555 shares of the basic materials company's stock after purchasing an additional 8,312 shares during the period. Trexquant Investment LP owned approximately 0.14% of Minerals Technologies worth $3,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock worth $38,000 after purchasing an additional 326 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Minerals Technologies by 21.4% in 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 last quarter. Venturi Wealth Management LLC purchased a new stake in Minerals Technologies during the 4th quarter valued at about $78,000. KBC Group NV grew its position in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock worth $113,000 after acquiring an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Minerals Technologies in the 4th quarter worth approximately $145,000. Institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday. Truist Financial cut their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, February 10th.

Minerals Technologies Trading Up 0.6 %

MTX traded up $0.34 during midday trading on Friday, reaching $56.19. 187,930 shares of the company's stock traded hands, compared to its average volume of 171,006. Minerals Technologies Inc. has a 52 week low of $52.40 and a 52 week high of $90.30. 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 firm has a fifty day moving average of $66.45 and a two-hundred day moving average of $73.86. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.85 and a beta of 1.25.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $1.50 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, equities analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. Minerals Technologies's dividend payout ratio is 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.