Minerals Technologies Inc. (NYSE:MTX) shares gapped up before the market opened on Thursday . The stock had previously closed at $62.72, but opened at $63.01. Minerals Technologies shares last traded at $64.16, with a volume of 40,258 shares trading hands.

MTX has been the topic of several recent analyst reports. TheStreet raised Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, March 22nd. Wedbush lowered Minerals Technologies from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Thursday, May 12th. Finally, Zacks Investment Research lowered Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $66.67.

The stock has a market cap of $2.28 billion and a price-to-earnings ratio of 21.54. The firm’s 50-day moving average price is $58.27 and its 200 day moving average price is $52.89.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm had revenue of $410.20 million for the quarter, compared to analysts’ expectations of $418.73 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Minerals Technologies Inc. will post $4.40 EPS for the current fiscal year.

In related news, VP Rick Honey sold 6,811 shares of Minerals Technologies stock in a transaction on Monday, June 27th. The stock was sold at an average price of $52.95, for a total value of $360,642.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its position in Minerals Technologies by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 44,652 shares of the company’s stock worth $2,048,000 after buying an additional 582 shares during the period. California State Teachers Retirement System raised its position in Minerals Technologies by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 64,360 shares of the company’s stock worth $2,952,000 after buying an additional 1,028 shares during the period. Rhumbline Advisers raised its position in Minerals Technologies by 3.5% in the fourth quarter. Rhumbline Advisers now owns 74,051 shares of the company’s stock worth $3,396,000 after buying an additional 2,535 shares during the period. California Public Employees Retirement System raised its position in Minerals Technologies by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 104,516 shares of the company’s stock worth $4,793,000 after buying an additional 2,000 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Minerals Technologies by 16.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,422 shares of the company’s stock worth $1,441,000 after buying an additional 4,487 shares during the period.

Minerals Technologies Inc is a resource and technology-based company that develops, produces, and markets a range of specialty mineral, mineral-based and synthetic mineral products, and supporting systems and services. It operates in five segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services.

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