LSV Asset Management Grows Position in Minerals Technologies Inc. (NYSE:MTX)

LSV Asset Management raised its holdings in Minerals Technologies Inc. (NYSE:MTX) by 112.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,300 shares of the basic materials company’s stock after purchasing an additional 19,200 shares during the period. LSV Asset Management’s holdings in Minerals Technologies were worth $2,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings in Minerals Technologies by 42.7% in the 4th quarter. FMR LLC now owns 1,761,925 shares of the basic materials company’s stock worth $134,276,000 after buying an additional 527,206 shares during the period. State Street Corp boosted its holdings in shares of Minerals Technologies by 2.6% in the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company’s stock worth $97,989,000 after acquiring an additional 32,196 shares during the period. Geode Capital Management LLC lifted its holdings in Minerals Technologies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 873,123 shares of the basic materials company’s stock worth $66,554,000 after purchasing an additional 7,780 shares in the last quarter. American Century Companies Inc. boosted its stake in Minerals Technologies by 31.1% in the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company’s stock worth $65,630,000 after purchasing an additional 204,371 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Minerals Technologies by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company’s stock valued at $42,309,000 after buying an additional 2,647 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MTX has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. Truist Financial cut their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a report on Monday, February 10th.

Minerals Technologies Price Performance

Shares of NYSE MTX opened at $56.19 on Monday. The stock’s 50-day simple moving average is $66.45 and its two-hundred day simple moving average is $73.84. Minerals Technologies Inc. has a twelve month low of $52.40 and a twelve month high of $90.30. The firm has a market capitalization of $1.79 billion, a P/E ratio of 10.85 and a beta of 1.25. The company has a quick ratio of 1.98, a current ratio of 2.84 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 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. As a group, equities analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s dividend payout ratio is currently 8.49%.

Minerals Technologies 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.