Minerals Technologies Stock Price, News & Analysis (NYSE:MTX)

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. Investors of record on Friday, August 23rd will be given a dividend of $0.05 per share on Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, August 22nd. View Minerals Technologies' Dividend History.

Minerals Technologies announced that its Board of Directors has authorized a stock buyback program on Friday, September 22nd 2017, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Minerals Technologies Inc (NYSE:MTX) posted its quarterly earnings results on Thursday, August, 1st. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The basic materials company had revenue of $463.80 million for the quarter, compared to the consensus estimate of $458.47 million. Minerals Technologies had a return on equity of 11.82% and a net margin of 8.40%. The firm's revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $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.

2 brokers have issued 12-month price objectives for Minerals Technologies' shares. Their predictions range from $65.00 to $65.00. On average, they anticipate Minerals Technologies' stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 22.1% 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 headlines about MTX stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Minerals Technologies earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned news coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Minerals Technologies.

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

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

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 a variety of 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 $53.25.

Minerals Technologies has a market capitalization of $1.87 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.