Susquehanna Fundamental Investments LLC purchased a new stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,958 shares of the basic materials company's stock, valued at approximately $683,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after buying an additional 326 shares during the period. Blue Trust Inc. grew 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 valued at $78,000 after acquiring an additional 178 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Minerals Technologies during the 4th quarter worth approximately $78,000. KBC Group NV lifted its stake in Minerals Technologies by 43.9% in the 4th 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in Minerals Technologies in the 4th quarter valued at $145,000. 97.29% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on MTX. StockNews.com cut shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Truist Financial lowered their price target on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, April 28th.
Check Out Our Latest Research Report on Minerals Technologies
Minerals Technologies Price Performance
MTX stock opened at $53.06 on Friday. The firm has a 50 day simple moving average of $61.22 and a two-hundred day simple moving average of $71.69. The stock has a market cap of $1.69 billion, a PE ratio of 10.24 and a beta of 1.25. Minerals Technologies Inc. has a one year low of $49.54 and a one year high of $90.30. 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 (NYSE:MTX - Get Free Report) last released 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). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The firm had revenue of $491.80 million during the quarter, compared to the consensus estimate of $502.03 million. During the same period in the prior year, the company earned $1.49 EPS. The firm's revenue was down 8.0% compared to the same quarter last year. On average, analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.
Insider Buying and Selling
In other Minerals Technologies news, CFO Erik Aldag purchased 1,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was acquired at an average cost of $50.37 per share, with a total value of $50,370.00. Following the completion of the purchase, the chief financial officer now directly owns 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
Minerals Technologies Company Profile
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Minerals Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Minerals Technologies wasn't on the list.
While Minerals Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
