New Age Alpha Advisors LLC Takes Position in Minerals Technologies Inc. (NYSE:MTX)

New Age Alpha Advisors LLC acquired a new position in shares of Minerals Technologies Inc. (NYSE:MTX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 44,717 shares of the basic materials company’s stock, valued at approximately $3,408,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL increased its position in Minerals Technologies by 3.2% during the fourth quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock worth $431,000 after buying an additional 177 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 during the last quarter. Savant Capital LLC increased its position in Minerals Technologies by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after purchasing an additional 260 shares in the last quarter. QRG Capital Management Inc. raised its stake in Minerals Technologies by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock valued at $494,000 after purchasing an additional 280 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in Minerals Technologies by 0.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 51,980 shares of the basic materials company’s stock valued at $3,961,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

MTX has been the subject of a number of recent research reports. StockNews.com downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Truist Financial lowered their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, February 10th.

Minerals Technologies Stock Performance

Minerals Technologies stock opened at $63.77 on Friday. The stock has a fifty day moving average price of $70.90 and a 200 day moving average price of $75.10. Minerals Technologies Inc. has a 52 week low of $62.80 and a 52 week high of $90.30. The firm has a market capitalization of $2.03 billion, a P/E ratio of 12.31 and a beta of 1.28. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. Equities research analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were issued a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.69%. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

Minerals Technologies Company Profile

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.