Victory Capital Management Inc. cut its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 15.7% during 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 period. Victory Capital Management Inc. owned 2.71% of Minerals Technologies worth $65,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in MTX. Principal Financial Group Inc. boosted its stake in shares of Minerals Technologies by 2.0% in the third quarter. Principal Financial Group Inc. now owns 162,291 shares of the basic materials company's stock worth $12,534,000 after acquiring an additional 3,230 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Minerals Technologies in the third quarter worth approximately $343,000. Chesapeake Capital Corp IL boosted its stake in shares of Minerals Technologies by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 6,653 shares of the basic materials company's stock worth $504,000 after acquiring an additional 1,451 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Minerals Technologies by 42.2% during the third quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company's stock worth $4,951,000 after buying an additional 19,037 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD boosted its stake in Minerals Technologies by 9.8% during the third quarter. Corbyn Investment Management Inc. MD now owns 30,438 shares of the basic materials company's stock worth $2,351,000 after buying an additional 2,710 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.
Minerals Technologies Trading Down 0.3 %
NYSE MTX traded down $0.20 on Friday, reaching $67.91. 198,847 shares of the company were exchanged, compared to its average volume of 175,949. Minerals Technologies Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $90.29. 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 stock has a market capitalization of $2.17 billion, a P/E ratio of 13.11 and a beta of 1.28. The business's fifty day moving average price is $73.40 and its 200 day moving average price is $75.99.
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 (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.
Minerals Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were issued a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.65%. Minerals Technologies's dividend payout ratio is presently 8.49%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial lowered their price objective on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, February 10th.
Check Out Our Latest Report on Minerals Technologies
Minerals Technologies Profile
(
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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