25951 Shares in Minerals Technologies Inc. (NYSE:MTX) Purchased by Qube Research & Technologies Ltd – Defense World
Posted by admin on Aug 14th, 2022 
Qube Research & Technologies Ltd bought a new position in shares of Minerals Technologies Inc. (NYSE:MTX – Get Rating) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 25,951 shares of the basic materials company’s stock, valued at approximately $1,717,000. Qube Research & Technologies Ltd owned approximately 0.08% of Minerals Technologies at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC raised its position in Minerals Technologies by 0.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 29,784 shares of the basic materials company’s stock worth $2,179,000 after buying an additional 160 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Minerals Technologies by 6.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 3,532 shares of the basic materials company’s stock worth $234,000 after buying an additional 207 shares during the last quarter. Comerica Bank increased its holdings in shares of Minerals Technologies by 1.9% during the 1st quarter. Comerica Bank now owns 15,933 shares of the basic materials company’s stock valued at $1,039,000 after purchasing an additional 295 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Minerals Technologies by 22.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,866 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 342 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Minerals Technologies by 24.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,075 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 414 shares in the last quarter. 94.87% of the stock is currently owned by institutional investors.
Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
NYSE:MTX opened at $65.37 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.29 and a quick ratio of 1.56. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 12.72 and a beta of 1.27. The company has a 50 day moving average price of $62.68 and a 200-day moving average price of $65.01. Minerals Technologies Inc. has a 1-year low of $57.52 and a 1-year high of $80.92.
Minerals Technologies (NYSE:MTX – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $577.00 million during the quarter, compared to analyst estimates of $533.65 million. Minerals Technologies had a net margin of 8.46% and a return on equity of 11.44%. The firm’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 EPS. Equities research analysts forecast that Minerals Technologies Inc. will post 5.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, August 18th. Minerals Technologies’s payout ratio is presently 3.89%.
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Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.
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