Minerals Technologies Inc. (NYSE:MTX) SVP Jonathan J. Hastings Sells 7,814 Shares

Minerals Technologies Inc. (NYSE:MTX) SVP Jonathan J. Hastings sold 7,814 shares of Minerals Technologies stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $83.13, for a total transaction of $649,577.82. Following the transaction, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at $4,477,548.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Minerals Technologies Stock Performance

Shares of MTX stock traded down $1.11 on Thursday, hitting $82.61. The company’s stock had a trading volume of 16,882 shares, compared to its average volume of 153,925. The company has a market capitalization of $2.66 billion, a PE ratio of 28.97 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.49. Minerals Technologies Inc. has a fifty-two week low of $48.61 and a fifty-two week high of $84.54. The stock’s 50 day moving average is $75.39 and its 200-day moving average is $69.99.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, April 25th. The basic materials company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.22. The firm had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $545.55 million. Minerals Technologies had a net margin of 4.35% and a return on equity of 10.87%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Equities research analysts expect that Minerals Technologies Inc. will post 6.29 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. Minerals Technologies’s dividend payout ratio (DPR) is presently 13.84%.

Institutional Trading of Minerals Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Minerals Technologies by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after purchasing an additional 25,056 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Minerals Technologies by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,267,569 shares of the basic materials company’s stock worth $161,702,000 after buying an additional 49,192 shares during the period. Victory Capital Management Inc. grew its position in Minerals Technologies by 6.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,737,753 shares of the basic materials company’s stock valued at $95,159,000 after purchasing an additional 104,982 shares during the period. American Century Companies Inc. grew its position in Minerals Technologies by 1.4% in the 3rd quarter. American Century Companies Inc. now owns 1,241,758 shares of the basic materials company’s stock valued at $67,999,000 after purchasing an additional 17,742 shares during the period. Finally, Boston Trust Walden Corp grew its position in Minerals Technologies by 0.5% in the 4th quarter. Boston Trust Walden Corp now owns 644,055 shares of the basic materials company’s stock valued at $45,928,000 after purchasing an additional 3,135 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MTX has been the subject of a number of research analyst reports. TheStreet raised shares of Minerals Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Seaport Res Ptn raised shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Finally, StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $68.50.

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.