Minerals Technologies Inc (MTX) is Lapides Asset Management LLC’s 10th Largest Position
Lapides Asset Management LLC cut its holdings in Minerals Technologies Inc (NYSE:MTX) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 185,600 shares of the basic materials company’s stock after selling 6,000 shares during the quarter. Minerals Technologies accounts for 2.8% of Lapides Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Lapides Asset Management LLC’s holdings in Minerals Technologies were worth $12,779,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. UBS Asset Management Americas Inc. increased its holdings in shares of Minerals Technologies by 2.0% during the second quarter. UBS Asset Management Americas Inc. now owns 20,599 shares of the basic materials company’s stock valued at $1,508,000 after acquiring an additional 395 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Minerals Technologies by 6.4% during the second quarter. Thrivent Financial For Lutherans now owns 7,100 shares of the basic materials company’s stock valued at $520,000 after acquiring an additional 430 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Minerals Technologies by 19.0% during the second quarter. Cubist Systematic Strategies LLC now owns 3,948 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 631 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Minerals Technologies by 4.8% during the third quarter. TD Asset Management Inc. now owns 17,300 shares of the basic materials company’s stock valued at $1,222,000 after acquiring an additional 800 shares in the last quarter. Finally, ING Groep NV increased its holdings in shares of Minerals Technologies by 24.2% during the fourth quarter. ING Groep NV now owns 5,337 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 1,039 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Joseph C. Breunig purchased 800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average price of $69.36 per share, for a total transaction of $55,488.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $83,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.
Shares of Minerals Technologies Inc (NYSE MTX) opened at $69.00 on Tuesday. Minerals Technologies Inc has a 1-year low of $62.55 and a 1-year high of $80.50. The stock has a market capitalization of $2,387.26, a price-to-earnings ratio of 12.61 and a beta of 2.29. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.75.
Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The business had revenue of $432.10 million during the quarter, compared to the consensus estimate of $411.95 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. Minerals Technologies’s revenue was up 7.7% compared to the same quarter last year. analysts forecast that Minerals Technologies Inc will post 4.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Friday, February 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.20 annualized dividend and a yield of 0.29%. Minerals Technologies’s dividend payout ratio (DPR) is currently 3.66%.
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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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