Bank of America Corp DE Takes $22.40 Million Position in Minerals Technologies Inc. $MTX

Key Points

• Bank of America acquired 302,840 Minerals Technologies shares worth approximately $22.4 million, representing about 0.97% of the company. Institutional investors collectively own 97.29% of MTX.
• Analyst sentiment is mixed, with one Buy, one Hold and one Sell rating; the overall consensus is Hold with a $90 price target. MTX recently missed quarterly EPS and revenue estimates, despite year-over-year revenue growth of 3.7%.
• Minerals Technologies reiterated its long-term growth targets and highlighted expansion opportunities in calcium metal, waste repurposing, PFAS remediation and other higher-growth markets, though commercialization timing and execution remain key risks.

Bank of America Corp DE bought a new position in Minerals Technologies Inc. (NYSE:MTX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 302,840 shares of the basic materials company's stock, valued at approximately $22,401,000. Bank of America Corp DE owned about 0.97% of Minerals Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MTX. Allworth Financial LP acquired a new position in shares of Minerals Technologies in the 2nd quarter worth approximately $27,000. Global Retirement Partners LLC acquired a new stake in Minerals Technologies during the 2nd quarter valued at $30,000. Parallel Advisors LLC raised its position in Minerals Technologies by 36.0% in the 1st quarter. Parallel Advisors LLC now owns 552 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 146 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in Minerals Technologies in the 2nd quarter valued at $50,000. Finally, Versant Capital Management Inc boosted its stake in Minerals Technologies by 87.3% in the second quarter. Versant Capital Management Inc now owns 798 shares of the basic materials company's stock worth $59,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTX. Wall Street Zen cut Minerals Technologies from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings cut Minerals Technologies from a "hold (c+)" rating to a "sell (d+)" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $90.00.

Minerals Technologies News Roundup

Here are the key news stories impacting Minerals Technologies this week:

• Positive Sentiment: MTX reiterated its long-term growth targets and outlined plans to expand into higher-growth markets, including steelmaking automation, PFAS remediation, sustainable aviation fuel filtration, and waste repurposing. Minerals Technologies Investor Day Release
• Positive Sentiment: The company introduced a process for producing high-purity calcium metal used in heavy rare earth metallization. MTX expects the initiative to generate more than $100 million in incremental revenue over the next several years, supporting aerospace, defense, electric vehicle, renewable energy, and other markets. MTX Growth and Innovation Summary
• Positive Sentiment: MTX also expanded its NewYield® waste-repurposing technology to steel slag, potentially producing magnesium, manganese, and other valuable minerals. Management estimates the U.S. opportunity at more than $250 million, offering exposure to critical-minerals and environmental markets.
• Neutral Sentiment: The announcements are primarily forward-looking initiatives rather than immediate earnings or cash-flow improvements. Investors will likely focus on commercialization timing, capital requirements, customer adoption, and whether the targets translate into sustained growth.
• Negative Sentiment: Management cautioned that results could differ materially from projections because of competitive pressures, economic cyclicality, raw-material and energy costs, debt obligations, and bankruptcy proceedings involving subsidiaries. Separate trading data supplied with the release also showed two MTX insiders selling shares during the past six months, with no reported insider purchases.

Minerals Technologies Stock Performance

Shares of NYSE:MTX opened at $66.76 on Thursday. The stock has a market capitalization of $2.08 billion, a P/E ratio of -30.76 and a beta of 1.14. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. Minerals Technologies Inc. has a 1-year low of $53.94 and a 1-year high of $84.34. The business has a 50-day moving average price of $71.96 and a two-hundred day moving average price of $73.16.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.04). The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $558.77 million. Minerals Technologies had a positive return on equity of 10.63% and a negative net margin of 3.13%.The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. Equities analysts predict that Minerals Technologies Inc. will post 6.03 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 14th. Minerals Technologies's dividend payout ratio is currently -22.12%.

About Minerals Technologies

Minerals Technologies Inc NYSE: MTX is a global resource-based specialty minerals company that develops, produces and markets mineral-based products and related technologies. Its materials are used in a range of industries, including paper and packaging, construction, environmental services, energy, agriculture, food, personal care and household products.

The company's offerings include precipitated calcium carbonate, quicklime, bentonite, talc, bentonite-based products, synthetic mineral products and other specialty mineral solutions.

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