Minerals Technologies (NYSE:MTX) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Minerals Technologies (NYSE:MTX – Get Rating) from a buy rating to a hold rating in a report issued on Wednesday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Minerals Technologies from a sell rating to a hold rating in a research report on Friday, May 6th. JPMorgan Chase & Co. upgraded shares of Minerals Technologies from a neutral rating to an overweight rating and cut their target price for the stock from $80.00 to $75.00 in a research report on Monday, February 7th. Finally, CL King dropped their price target on shares of Minerals Technologies from $90.00 to $87.00 in a research note on Monday, February 7th.

MTX stock opened at $64.88 on Wednesday. Minerals Technologies has a 12-month low of $60.31 and a 12-month high of $88.62. The company has a quick ratio of 1.66, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 12.95 and a beta of 1.30. The company has a 50 day moving average of $64.61 and a two-hundred day moving average of $68.98.

Minerals Technologies (NYSE:MTX – Get Rating) last released its earnings results on Thursday, April 28th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Minerals Technologies had a net margin of 8.75% and a return on equity of 11.17%. The company had revenue of $519.10 million during the quarter, compared to the consensus estimate of $513.83 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts anticipate that Minerals Technologies will post 5.67 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Minerals Technologies by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 378,856 shares of the basic materials company’s stock worth $25,062,000 after purchasing an additional 11,999 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Minerals Technologies by 1.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 210,400 shares of the basic materials company’s stock valued at $13,918,000 after buying an additional 4,000 shares during the last quarter. First Trust Advisors LP grew its stake in Minerals Technologies by 6.4% in the 1st quarter. First Trust Advisors LP now owns 55,595 shares of the basic materials company’s stock valued at $3,678,000 after buying an additional 3,349 shares during the last quarter. Vanguard Group Inc. grew its stake in Minerals Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 3,239,029 shares of the basic materials company’s stock valued at $214,261,000 after buying an additional 32,968 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Minerals Technologies by 26.6% in the 1st quarter. Sei Investments Co. now owns 114,789 shares of the basic materials company’s stock valued at $7,593,000 after buying an additional 24,149 shares during the last quarter. Institutional investors own 94.87% of the company’s stock.

About Minerals Technologies (Get Rating)

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.

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