Minerals Technologies Inc. (NYSE:MTX) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 406,015 shares of the basic materials company's stock after selling 13,598 shares during the period. GW&K Investment Management LLC owned 1.28% of Minerals Technologies worth $25,811,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MTX. FMR LLC grew its stake in shares of Minerals Technologies by 42.7% in the 4th quarter. FMR LLC now owns 1,761,925 shares of the basic materials company's stock valued at $134,276,000 after buying an additional 527,206 shares during the period. Norges Bank purchased a new stake in shares of Minerals Technologies in the 4th quarter valued at approximately $16,360,000. American Century Companies Inc. grew its stake in shares of Minerals Technologies by 31.1% in the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company's stock valued at $65,630,000 after buying an additional 204,371 shares during the period. Foundry Partners LLC purchased a new stake in shares of Minerals Technologies in the 4th quarter valued at approximately $7,735,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Minerals Technologies by 78.7% in the 4th quarter. JPMorgan Chase & Co. now owns 207,033 shares of the basic materials company's stock valued at $15,778,000 after buying an additional 91,146 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTX. Wall Street Zen cut shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Truist Financial reduced their target price on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, April 28th.

Insider Buying and Selling at Minerals Technologies

In other Minerals Technologies news, CFO Erik Aldag acquired 1,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were bought at an average cost of $50.37 per share, with a total value of $50,370.00. Following the transaction, the chief financial officer owned 4,245 shares of the company's stock, valued at approximately $213,820.65. This trade represents a 30.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kristina M. Johnson acquired 1,000 shares of the stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $53.79 per share, for a total transaction of $53,790.00. Following the completion of the transaction, the director directly owned 1,400 shares in the company, valued at $75,306. The trade was a 250.00% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,370 shares of company stock worth $124,255 over the last quarter. 3.30% of the stock is owned by company insiders.

Minerals Technologies Stock Up 6.6%

Minerals Technologies stock traded up $3.91 during midday trading on Friday, reaching $63.11. The company's stock had a trading volume of 164,382 shares, compared to its average volume of 236,334. Minerals Technologies Inc. has a fifty-two week low of $49.54 and a fifty-two week high of $87.92. The company has a quick ratio of 1.31, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.00 billion, a P/E ratio of -81.81 and a beta of 1.20. The business has a 50-day simple moving average of $57.47 and a 200-day simple moving average of $62.83.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.43 by $0.12. Minerals Technologies had a negative net margin of 1.14% and a positive return on equity of 10.90%. The firm had revenue of $528.90 million for the quarter, compared to analyst estimates of $529.13 million. During the same period last year, the business earned $1.65 EPS. Minerals Technologies's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.44 annualized dividend and a yield of 0.70%. Minerals Technologies's dividend payout ratio is currently -57.14%.

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.