Minerals Technologies - MTX Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTX, but not buy additional shares or sell existing shares.
View MTX analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price targets for Minerals Technologies' shares. Their MTX share price forecasts range from $70.00 to $70.00. On average, they expect the company's stock price to reach $70.00 in the next year. This suggests a possible upside of 23.4% from the stock's current price.
View analysts price targets for MTX or view top-rated stocks among Wall Street analysts.

Minerals Technologies' stock was trading at $60.72 on January 1st, 2023. Since then, MTX stock has decreased by 6.6% and is now trading at $56.74.
View the best growth stocks for 2023 here.

Minerals Technologies saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 343,300 shares, a drop of 15.3% from the February 13th total of 405,400 shares. Based on an average trading volume of 157,300 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.1% of the shares of the company are sold short.
View Minerals Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our MTX earnings forecast.

Minerals Technologies Inc. (NYSE:MTX) issued its earnings results on Friday, February, 3rd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by $0.52. The basic materials company had revenue of $507.60 million for the quarter, compared to the consensus estimate of $516.83 million. Minerals Technologies had a trailing twelve-month return on equity of 10.13% and a net margin of 5.76%. Minerals Technologies's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share.

Minerals Technologies announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Thursday, February 16th will be given a dividend of $0.05 per share on Thursday, March 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Wednesday, February 15th.
Read our dividend analysis for MTX.

ETFs with the largest weight of Minerals Technologies (NYSE:MTX) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Newday Ocean Health ETF (AHOY), Qraft AI-Enhanced Next Value ETF (NVQ), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Small Cap Value AlphaDEX Fund (FYT), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P Small-Cap 600 Value ETF (IJS).

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.35%. The dividend payout ratio is 5.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 3.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTX.

4 employees have rated Minerals Technologies Chief Executive Officer ​Douglas T. Dietrich on Glassdoor.com. ​Douglas T. Dietrich has an approval rating of 29% among the company's employees. This puts ​Douglas T. Dietrich in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Minerals Technologies investors own include AT&T (T), AbbVie (ABBV), Carnival Co. & (CCL), Cisco Systems (CSCO), CVS Health (CVS), Gilead Sciences (GILD), Altria Group (MO), Omega Healthcare Investors (OHI), Pfizer (PFE) and Skyworks Solutions (SWKS).

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

Minerals Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.06%), Macquarie Group Ltd. (5.78%), Franklin Resources Inc. (5.27%), Morgan Stanley (4.11%), Victory Capital Management Inc. (3.76%) and Victory Capital Management Inc. (3.75%). Insiders that own company stock include Andrew M Jones, Brett Argirakis, Dj Monagle III, Douglas T Dietrich, Douglas W Mayger, Jonathan J Hastings, Michael Cipolla, Rocky Motwani and Thomas J Meek.
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Shares of MTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTX stock can currently be purchased for approximately $56.74.

Minerals Technologies (NYSE:MTX) has a market capitalization of $1.85 billion and generates $2.13 billion in revenue each year. The basic materials company earns $122.20 million in net income (profit) each year or $3.72 on an earnings per share basis.

The company employs 4,070 workers across the globe.

Minerals Technologies' mailing address is 622 THIRD AVENUE, NEW YORK NY, 10017. The official website for the company is www.mineralstech.com. The basic materials company can be reached via phone at (212) 878-1800 or via fax at 212-878-1802.