Snyder Capital Management L P Grows Holdings in Minerals Technologies Inc. (NYSE:MTX)

Snyder Capital Management L P boosted its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 630,381 shares of the basic materials company's stock after buying an additional 49,376 shares during the period. Snyder Capital Management L P owned approximately 1.98% of Minerals Technologies worth $48,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Minerals Technologies by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,632 shares of the basic materials company's stock worth $5,384,000 after purchasing an additional 1,649 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Minerals Technologies by 236.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,071 shares of the basic materials company's stock worth $615,000 after purchasing an additional 5,669 shares in the last quarter. MetLife Investment Management LLC grew its position in Minerals Technologies by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 19,432 shares of the basic materials company's stock worth $1,481,000 after purchasing an additional 993 shares in the last quarter. First Trust Advisors LP grew its position in Minerals Technologies by 59.7% in the 4th quarter. First Trust Advisors LP now owns 30,567 shares of the basic materials company's stock worth $2,330,000 after purchasing an additional 11,432 shares in the last quarter. Finally, Dean Investment Associates LLC bought a new position in shares of Minerals Technologies during the 4th quarter valued at approximately $4,071,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Minerals Technologies Price Performance

NYSE:MTX traded down $0.70 during trading hours on Wednesday, hitting $50.35. The stock had a trading volume of 83,642 shares, compared to its average volume of 176,532. The company has a 50 day simple moving average of $62.28 and a two-hundred day simple moving average of $72.17. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. Minerals Technologies Inc. has a one year low of $49.51 and a one year high of $90.30.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTX. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research report 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 for the company in a research report on Monday.

About Minerals Technologies

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.