MTX has been the topic of several other reports. Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 6th. JPMorgan Chase & Co. upgraded shares of Minerals Technologies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $80.00 to $75.00 in a report on Monday, February 7th. Finally, CL King cut their target price on Minerals Technologies from $90.00 to $87.00 in a research note on Monday, February 7th.
Minerals Technologies stock opened at $63.57 on Wednesday. The stock has a market cap of $2.10 billion, a PE ratio of 12.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.40. Minerals Technologies has a 1 year low of $60.31 and a 1 year high of $88.62. The firm has a 50-day moving average of $64.70.
A number of institutional investors have recently made changes to their positions in MTX. William Blair Investment Management LLC raised its holdings in Minerals Technologies by 3,474.8% in the third quarter. William Blair Investment Management LLC now owns 551,406 shares of the basic materials company’s stock worth $38,510,000 after purchasing an additional 535,981 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Minerals Technologies in the fourth quarter worth about $29,550,000. Norges Bank purchased a new stake in shares of Minerals Technologies during the fourth quarter worth about $24,443,000. GW&K Investment Management LLC increased its holdings in shares of Minerals Technologies by 29.4% during the fourth quarter. GW&K Investment Management LLC now owns 651,258 shares of the basic materials company’s stock valued at $47,640,000 after acquiring an additional 147,840 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Minerals Technologies by 227.0% in the 2nd quarter. Morgan Stanley now owns 151,116 shares of the basic materials company’s stock valued at $11,888,000 after purchasing an additional 104,909 shares during the last quarter. Institutional investors and hedge funds 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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