Minerals Technologies Inc. (NYSE:MTX) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $63.50 and last traded at $63.45, with a volume of 68,237 shares. The stock had previously closed at $64.15.

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BidaskClub cut shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th.

The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 14.54 and a beta of 2.20. The firm’s 50 day moving average price is $71.69 and its 200-day moving average price is $74.97.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by $0.01. The business had revenue of $414.10 million during the quarter, compared to analyst estimates of $427.21 million. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. On average, equities analysts predict that Minerals Technologies Inc. will post $4.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Friday, August 25th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Wednesday, August 23rd. Minerals Technologies’s dividend payout ratio (DPR) is 4.55%.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Minerals Technologies by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock valued at $108,000 after buying an additional 125 shares during the last quarter. Elkfork Partners LLC increased its stake in Minerals Technologies by 7.4% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the basic materials company’s stock valued at $123,000 after buying an additional 110 shares during the last quarter. Victory Capital Management Inc. increased its stake in Minerals Technologies by 41.5% in the first quarter. Victory Capital Management Inc. now owns 1,747 shares of the basic materials company’s stock valued at $134,000 after buying an additional 512 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Minerals Technologies by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the basic materials company’s stock valued at $157,000 after buying an additional 140 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Minerals Technologies by 69.0% in the second quarter. Riverhead Capital Management LLC now owns 2,197 shares of the basic materials company’s stock valued at $161,000 after buying an additional 897 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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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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