Snyder Capital Management L P lifted its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,381 shares of the basic materials company's stock after purchasing an additional 49,376 shares during the period. Snyder Capital Management L P owned 1.98% of Minerals Technologies worth $48,041,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position 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 in the last quarter. Blue Trust Inc. raised its stake 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 worth $78,000 after buying an additional 178 shares during the period. Venturi Wealth Management LLC acquired a new position in Minerals Technologies during the 4th quarter worth approximately $78,000. KBC Group NV raised its stake 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 buying an additional 451 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Minerals Technologies during the 4th quarter worth approximately $145,000. Institutional investors own 97.29% of the company's stock.
Minerals Technologies Stock Down 3.9 %
Shares of Minerals Technologies stock traded down $2.07 on Monday, hitting $50.91. The company had a trading volume of 437,350 shares, compared to its average volume of 175,896. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.83 and a beta of 1.25. Minerals Technologies Inc. has a 1 year low of $50.60 and a 1 year high of $90.30. The stock has a 50 day moving average of $63.09 and a 200-day moving average of $72.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84.
Minerals Technologies (NYSE:MTX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The company had revenue of $491.80 million during the quarter, compared to analysts' expectations of $502.03 million. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. The business's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. As a group, sell-side analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.
Wall Street Analyst Weigh In
MTX has been the topic of a number of research reports. StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Truist Financial dropped their price target on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday.
Read Our Latest Report on MTX
About Minerals Technologies
(
Free Report)
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.
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