Minerals Technologies (NYSE:MTX) Downgraded by StockNews.com to “Hold”

Minerals Technologies (NYSE:MTX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Truist Financial dropped their price objective on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, February 10th.

Minerals Technologies Trading Down 0.6 %

NYSE:MTX opened at $67.83 on Wednesday. Minerals Technologies has a fifty-two week low of $65.64 and a fifty-two week high of $90.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The stock has a market capitalization of $2.16 billion, a PE ratio of 13.09 and a beta of 1.28. The business’s 50-day simple moving average is $72.29 and its 200-day simple moving average is $75.57.

Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Sell-side analysts expect that Minerals Technologies will post 6.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTX. Blair William & Co. IL grew its holdings in Minerals Technologies by 3.2% in the 4th quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock valued at $431,000 after buying an additional 177 shares in the last quarter. Blue Trust Inc. grew its holdings in Minerals Technologies by 21.4% in the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after buying an additional 178 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Minerals Technologies by 4.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 5,312 shares of the basic materials company’s stock valued at $405,000 after buying an additional 235 shares in the last quarter. Savant Capital LLC grew its holdings in Minerals Technologies by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock valued at $288,000 after buying an additional 260 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Minerals Technologies by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock valued at $494,000 after buying an additional 280 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.