Minerals Technologies Inc (MTX) Receives Consensus Recommendation of “Buy” from Brokerages

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Minerals Technologies Inc (NYSE:MTX) has received an average broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.

Brokerages have set a 12-month consensus price target of $76.00 for the company and are anticipating that the company will post $1.25 EPS for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 220 out of 255 based on the ratings given to its competitors.

MTX has been the topic of several recent analyst reports. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine lowered Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Monday, October 8th.

Shares of Minerals Technologies stock opened at $55.24 on Friday. Minerals Technologies has a 52 week low of $53.15 and a 52 week high of $80.80. The firm has a market capitalization of $1.91 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.35 and a beta of 2.16. The company has a current ratio of 2.08, a quick ratio of 1.53 and a debt-to-equity ratio of 0.73.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. Minerals Technologies had a return on equity of 13.02% and a net margin of 11.50%. The business had revenue of $464.70 million for the quarter, compared to analyst estimates of $442.45 million. During the same quarter in the prior year, the company posted $1.23 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Minerals Technologies will post 4.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, November 23rd. Minerals Technologies’s dividend payout ratio (DPR) is presently 4.36%.

In other news, Director John J. Carmola acquired 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average price of $68.00 per share, for a total transaction of $54,400.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at $81,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc raised its holdings in shares of Minerals Technologies by 1,300.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the basic materials company’s stock valued at $105,000 after buying an additional 1,300 shares during the period. Oakbrook Investments LLC purchased a new stake in shares of Minerals Technologies in the 2nd quarter valued at $203,000. Zeke Capital Advisors LLC purchased a new stake in shares of Minerals Technologies in the 2nd quarter valued at $204,000. HPM Partners LLC purchased a new stake in shares of Minerals Technologies in the 2nd quarter valued at $245,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Minerals Technologies in the 2nd quarter valued at $254,000. Hedge funds and other institutional investors own 94.16% of the company’s stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

Further Reading: Institutional Investors

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