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

Minerals Technologies (NYSE:MTX) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

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

Minerals Technologies Stock Up 1.3 %

Shares of MTX stock opened at $63.13 on Tuesday. The firm’s fifty day moving average price is $70.10 and its two-hundred day moving average price is $74.94. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. Minerals Technologies has a 1 year low of $61.60 and a 1 year high of $90.30. The firm has a market capitalization of $2.01 billion, a P/E ratio of 12.19 and a beta of 1.28.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (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%. On average, equities analysts predict that Minerals Technologies will post 6.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Minerals Technologies

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in Minerals Technologies by 181.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 326 shares in the last quarter. Quarry LP boosted its position in Minerals Technologies by 536.5% during the 4th quarter. Quarry LP now owns 732 shares of the basic materials company’s stock worth $56,000 after buying an additional 617 shares during the period. Blue Trust Inc. grew its holdings in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 178 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Minerals Technologies in the 4th quarter valued at approximately $78,000. Finally, KBC Group NV raised its stake in shares of Minerals Technologies by 43.9% during the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 451 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

About Minerals Technologies

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.