Minerals Technologies (NYSE:MTX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Minerals Technologies from a "buy" to a "strong-buy," signaling increased analyst confidence in the stock.
• Q1 results beat expectations: adjusted EPS $1.38 vs. ~$1.26 estimate and revenue $546.9M vs. ~$516M, with revenue up ~11.2% year-over-year (GAAP EPS was $1.17 after special items).
• Analyst views remain mixed—one Buy, one Hold and one Sell—giving a consensus rating of "Hold" and a consensus price target of $89, while the stock trades around $76 with a market cap of about $2.36 billion.

Minerals Technologies (NYSE:MTX - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

Several other research analysts have also weighed in on MTX. Truist Financial lifted their price objective on Minerals Technologies from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Weiss Ratings reissued a "sell (d+)" rating on shares of Minerals Technologies in a research report on Wednesday, April 22nd. Finally, Zacks Research raised Minerals Technologies from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $89.00.

Minerals Technologies Stock Performance

MTX stock opened at $76.02 on Friday. The stock has a 50-day moving average price of $70.26 and a 200-day moving average price of $65.23. Minerals Technologies has a 1-year low of $51.87 and a 1-year high of $76.71. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.36 billion, a PE ratio of -149.06 and a beta of 1.12.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.12. Minerals Technologies had a return on equity of 10.47% and a net margin of 7.60%.The firm had revenue of $546.90 million during the quarter, compared to analyst estimates of $516.39 million. During the same period last year, the company posted $1.14 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts expect that Minerals Technologies will post 6.23 earnings per share for the current year.

Institutional Trading of Minerals Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Minerals Technologies by 10,630.5% in the 1st quarter. Fifth Third Bancorp now owns 15,130 shares of the basic materials company's stock valued at $1,073,000 after buying an additional 14,989 shares in the last quarter. Isthmus Partners LLC increased its position in Minerals Technologies by 5.9% in the 1st quarter. Isthmus Partners LLC now owns 47,596 shares of the basic materials company's stock valued at $3,376,000 after buying an additional 2,669 shares in the last quarter. DGS Capital Management LLC bought a new stake in Minerals Technologies in the 1st quarter valued at about $218,000. QRG Capital Management Inc. bought a new stake in Minerals Technologies in the 1st quarter valued at about $214,000. Finally, Strs Ohio increased its position in Minerals Technologies by 184.4% in the 1st quarter. Strs Ohio now owns 12,800 shares of the basic materials company's stock valued at $908,000 after buying an additional 8,300 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Minerals Technologies News Summary

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

• Positive Sentiment: Q1 beats on both EPS and revenue — Minerals Technologies reported $1.38 EPS (beats consensus ~$1.25–$1.26) and revenue of $546.9M (vs. ~$516M est.), with revenue up ~11.2% year-over-year. These beats are the primary driver of the positive market reaction. Read More.
• Neutral Sentiment: Management hosted a conference call and posted a slide deck with operational detail and segment commentary — helpful for judging sustainability of margins and outlook, but no material guidance change was announced in the releases. Read More.
• Negative Sentiment: Reported EPS includes special items — GAAP EPS was $1.17, or $1.38 excluding special items, which suggests one-time items reduced headline results and warrants checking the nature of those adjustments. Also note a modest negative net margin reported in summaries, which investors should monitor for profitability consistency. Read More.

About Minerals Technologies

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.

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