NYSE:MTX - Minerals Technologies Stock Price, News & Analysis

Minerals Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTX."

Minerals Technologies announced a quarterly dividend on Wednesday, July 17th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.05 per share on Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, August 22nd. View Minerals Technologies' Dividend History.

Minerals Technologies announced that its board has initiated a stock repurchase plan on Friday, September 22nd 2017, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Minerals Technologies Inc (NYSE:MTX) issued its quarterly earnings results on Thursday, August, 1st. The basic materials company reported $1.11 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.06 by $0.05. The basic materials company earned $463.80 million during the quarter, compared to analyst estimates of $458.47 million. Minerals Technologies had a net margin of 8.40% and a return on equity of 11.82%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. View Minerals Technologies' Earnings History.

Minerals Technologies is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Minerals Technologies.

Minerals Technologies updated its second quarter earnings guidance on Thursday, June, 20th. The company provided earnings per share guidance of $1.00-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24.

2 equities research analysts have issued 1-year price targets for Minerals Technologies' stock. Their forecasts range from $65.00 to $65.00. On average, they expect Minerals Technologies' share price to reach $65.00 in the next year. This suggests a possible upside of 18.8% from the stock's current price. View Analyst Price Targets for Minerals Technologies.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Minerals Technologies.

News articles about MTX stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Minerals Technologies earned a news impact score of 0.9 on InfoTrie's scale. They also assigned media headlines about the basic materials company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Minerals Technologies.

Minerals Technologies saw a decrease in short interest in August. As of August 31st, there was short interest totalling 384,000 shares, a decrease of 20.9% from the July 31st total of 485,500 shares. Based on an average trading volume of 165,900 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.1% of the company's shares are sold short. View Minerals Technologies' Current Options Chain.

Some companies that are related to Minerals Technologies include Kronos Worldwide (KRO), Tronox (TROX), Valhi (VHI), Luxfer (LXFR), Venator Materials (VNTR), Hydrogenics (HYGS), NL Industries (NL), LSB Industries (LXU), TOR Minerals International (TORM), Polydex Pharmaceuticals (POLXF) and JSR CORP/ADR (JSCPY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Minerals Technologies investors own include Skyworks Solutions (SWKS), Allergan (AGN), Callon Petroleum (CPE), Infosys (INFY), Nike (NKE), Palo Alto Networks (PANW), Skechers USA (SKX), K&S (SDF), Ambarella (AMBA) and Bed Bath & Beyond (BBBY).

Minerals Technologies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.56%), BlackRock Inc. (11.56%), Vanguard Group Inc. (9.46%), Price T Rowe Associates Inc. MD (5.50%), Victory Capital Management Inc. (3.64%) and Northern Trust Corp (3.16%). Company insiders that own Minerals Technologies stock include Andrew M Jones, Carolyn K Pittman, Dj Monagle III, Douglas T Dietrich, Douglas W Mayger, Franklin Feder, John J Carmola, Joseph C Breunig, Robert L Clark and Thomas J Meek. View Institutional Ownership Trends for Minerals Technologies.

MTX stock was sold by a variety of institutional investors in the last quarter, including Silvercrest Asset Management Group LLC, AQR Capital Management LLC, Man Group plc, SG Americas Securities LLC, BlackRock Inc., BlackRock Inc., William Blair Investment Management LLC and Vanguard Group Inc.. Company insiders that have sold Minerals Technologies company stock in the last year include Andrew M Jones, Dj Monagle III and Thomas J Meek. View Insider Buying and Selling for Minerals Technologies.

MTX stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Morgan Stanley, Victory Capital Management Inc., BTIM Corp., Northern Trust Corp, Wells Fargo & Company MN, Cubist Systematic Strategies LLC and Eaton Vance Management. Company insiders that have bought Minerals Technologies stock in the last two years include Carolyn K Pittman, Douglas T Dietrich, Franklin Feder, John J Carmola, Joseph C Breunig and Robert L Clark. View Insider Buying and Selling for Minerals Technologies.

Shares of MTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MTX stock can currently be purchased for approximately $54.71.

Minerals Technologies has a market capitalization of $1.92 billion and generates $1.81 billion in revenue each year. The basic materials company earns $169 million in net income (profit) each year or $4.84 on an earnings per share basis. Minerals Technologies employs 1,995 workers across the globe.View Additional Information About Minerals Technologies.

The official website for Minerals Technologies is http://www.mineralstech.com/.

Minerals Technologies' mailing address is 622 THIRD AVENUE, NEW YORK NY, 10017. The basic materials company can be reached via phone at 212-878-1800.