A number of other brokerages have also issued reports on MTX. JPMorgan Chase & Co. raised shares of Minerals Technologies from a neutral rating to an overweight rating and cut their price objective for the company from $80.00 to $75.00 in a report on Monday, February 7th. Zacks Investment Research raised shares of Minerals Technologies from a sell rating to a hold rating in a report on Thursday, April 28th. Finally, CL King cut their price objective on shares of Minerals Technologies from $90.00 to $87.00 in a report on Monday, February 7th.
Minerals Technologies stock opened at $65.86 on Tuesday. The business has a 50 day moving average price of $65.00. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 13.15 and a beta of 1.30. 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.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. purchased a new position in Minerals Technologies during the fourth quarter worth $88,000. Harbor Investment Advisory LLC boosted its stake in Minerals Technologies by 19.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,373 shares of the basic materials company’s stock worth $100,000 after buying an additional 228 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Minerals Technologies by 22.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,866 shares of the basic materials company’s stock worth $136,000 after buying an additional 342 shares during the period. Advisor Group Holdings Inc. boosted its stake in Minerals Technologies by 24.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,075 shares of the basic materials company’s stock worth $151,000 after buying an additional 414 shares during the period. Finally, Rowland & Co. Investment Counsel ADV boosted its stake in Minerals Technologies by 25.6% during the third quarter. Rowland & Co. Investment Counsel ADV now owns 3,775 shares of the basic materials company’s stock worth $177,000 after buying an additional 770 shares during the period. 94.87% of the stock is owned by institutional investors.
Minerals Technologies Company Profile (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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