Nisa Investment Advisors LLC Buys 100 Shares of Minerals Technologies Inc. (MTX)
Nisa Investment Advisors LLC increased its position in Minerals Technologies Inc. (NYSE:MTX) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 11,560 shares of the basic materials company’s stock after buying an additional 100 shares during the period. Nisa Investment Advisors LLC’s holdings in Minerals Technologies were worth $846,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Highbridge Capital Management LLC bought a new position in shares of Minerals Technologies during the fourth quarter worth about $936,000. Capstone Asset Management Co. boosted its position in shares of Minerals Technologies by 6.8% in the first quarter. Capstone Asset Management Co. now owns 5,006 shares of the basic materials company’s stock worth $383,000 after buying an additional 320 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Minerals Technologies by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the basic materials company’s stock worth $674,000 after buying an additional 200 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Minerals Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 45,234 shares of the basic materials company’s stock worth $3,465,000 after buying an additional 121 shares during the last quarter. Finally, James Investment Research Inc. boosted its position in shares of Minerals Technologies by 41.9% in the first quarter. James Investment Research Inc. now owns 26,500 shares of the basic materials company’s stock worth $2,030,000 after buying an additional 7,825 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.
Minerals Technologies Inc. (MTX) traded down 1.45% during midday trading on Monday, reaching $67.95. The company had a trading volume of 49,688 shares. The stock’s 50 day moving average is $72.64 and its 200 day moving average is $75.43. Minerals Technologies Inc. has a one year low of $63.55 and a one year high of $83.85. The company has a market capitalization of $2.38 billion, a PE ratio of 17.93 and a beta of 2.20.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by $0.01. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. The business had revenue of $414.10 million during the quarter, compared to analyst estimates of $427.21 million. Equities research analysts forecast that Minerals Technologies Inc. will post $4.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 25th will be given a $0.05 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. Minerals Technologies’s payout ratio is 4.55%.
MTX has been the subject of a number of recent research reports. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub cut Minerals Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Finally, ValuEngine cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
Minerals Technologies Company Profile
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 around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).
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