Two Sigma Investments LP Decreases Holdings in Minerals Technologies Inc. (NYSE:MTX)

Two Sigma Investments LP decreased its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,654 shares of the basic materials company's stock after selling 10,050 shares during the quarter. Two Sigma Investments LP owned about 0.12% of Minerals Technologies worth $3,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Minerals Technologies by 181.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 326 shares during the last quarter. Quarry LP boosted its holdings in shares of Minerals Technologies by 536.5% in the 4th quarter. Quarry LP now owns 732 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 617 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Minerals Technologies in the 4th quarter valued at $78,000. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 178 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Minerals Technologies by 43.9% in the 4th 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. Institutional investors and hedge funds own 97.29% of the company's stock.

Minerals Technologies Stock Performance

MTX stock traded down $0.84 during midday trading on Monday, hitting $55.94. 238,791 shares of the stock traded hands, compared to its average volume of 188,338. The firm has a market cap of $1.78 billion, a P/E ratio of 10.80 and a beta of 1.22. 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's fifty day simple moving average is $57.22 and its 200-day simple moving average is $68.58. Minerals Technologies Inc. has a 1-year low of $49.54 and a 1-year high of $90.30.

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

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, May 30th. Minerals Technologies's payout ratio is -57.14%.

Analyst Ratings Changes

MTX has been the topic of several recent research reports. Wall Street Zen downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Truist Financial dropped their price target on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, April 28th.

Insider Buying and Selling at Minerals Technologies

In related news, Director Kristina M. Johnson acquired 1,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $53.79 per share, with a total value of $53,790.00. Following the completion of the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $75,306. This trade represents a 250.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.30% of the company's stock.

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.