Minerals Technologies (NYSE:MTX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “

Other research analysts have also recently issued reports about the stock. ValuEngine raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. KeyCorp reissued a “hold” rating on shares of Minerals Technologies in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $80.00.

Shares of Minerals Technologies (NYSE:MTX) opened at $67.50 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.75. The stock has a market cap of $2,367.81, a PE ratio of 14.59 and a beta of 2.29. Minerals Technologies has a fifty-two week low of $62.55 and a fifty-two week high of $80.50.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm had revenue of $432.10 million for the quarter, compared to analysts’ expectations of $411.95 million. Minerals Technologies had a net margin of 11.64% and a return on equity of 13.89%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. analysts predict that Minerals Technologies will post 4.95 earnings per share for the current year.

In related news, Director Joseph C. Breunig purchased 800 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average cost of $69.36 per share, with a total value of $55,488.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $83,232. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in MTX. Assenagon Asset Management S.A. bought a new position in Minerals Technologies in the 4th quarter valued at about $14,959,000. Investment Counselors of Maryland LLC bought a new position in Minerals Technologies in the 3rd quarter valued at about $14,577,000. Macquarie Group Ltd. raised its holdings in Minerals Technologies by 13.6% in the 3rd quarter. Macquarie Group Ltd. now owns 1,229,195 shares of the basic materials company’s stock valued at $86,843,000 after acquiring an additional 146,972 shares during the period. Royce & Associates LP grew its position in shares of Minerals Technologies by 12.1% during the 4th quarter. Royce & Associates LP now owns 1,263,881 shares of the basic materials company’s stock worth $87,018,000 after purchasing an additional 136,595 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Minerals Technologies by 16.6% during the 3rd quarter. American Century Companies Inc. now owns 609,589 shares of the basic materials company’s stock worth $43,067,000 after purchasing an additional 86,577 shares in the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

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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 related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

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