40,388 Shares in Minerals Technologies Inc. (NYSE:MTX) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 40,388 shares of the basic materials company's stock, valued at approximately $3,078,000. Jefferies Financial Group Inc. owned 0.13% of Minerals Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its stake in Minerals Technologies by 210.1% during the third quarter. Barclays PLC now owns 111,526 shares of the basic materials company's stock worth $8,615,000 after purchasing an additional 75,565 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Minerals Technologies during the fourth quarter worth approximately $145,000. Blue Trust Inc. lifted its stake in Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after purchasing an additional 178 shares during the last quarter. KBC Group NV lifted its stake in Minerals Technologies by 43.9% during the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock worth $113,000 after purchasing an additional 451 shares during the last quarter. Finally, Guidance Capital Inc. purchased a new stake in Minerals Technologies during the fourth quarter worth approximately $462,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

Insider Buying and Selling

In other Minerals Technologies news, Director Kristina M. Johnson bought 1,000 shares of Minerals Technologies stock in a transaction that occurred on Friday, May 2nd. The shares were purchased 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 now owns 1,400 shares of the company's stock, valued at $75,306. This represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial cut their price target on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

Minerals Technologies Price Performance

MTX stock traded down $1.07 on Friday, reaching $56.83. 256,309 shares of the company's stock were exchanged, compared to its average volume of 188,136. The stock has a fifty day moving average of $57.22 and a 200-day moving average of $68.67. Minerals Technologies Inc. has a twelve month low of $49.54 and a twelve month high of $90.30. The firm has a market cap of $1.80 billion, a PE ratio of 10.97 and a beta of 1.22. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, April 24th. The basic materials company reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The firm had revenue of $491.80 million for the quarter, compared to analysts' expectations of $502.03 million. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. The firm's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, equities analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. 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.