Quarry LP owns $77,000 in Minerals Technologies Inc. (NYSE:MTX)

VaselineOctober 3, 2024

0 3 minutes read

Quarry LP raised its stake in Minerals Technologies Inc. (NYSE:MTX – Free Report) by 1,857.4% during the second quarter, HoldingsChannel reports. The firm owned 920 shares of the basic materials company’s stock after acquiring an additional 873 shares during the quarter. Quarry LP’s holdings in Minerals Technologies were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in Minerals Technologies by 97.9% in the 4th quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 275 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Minerals Technologies in the second quarter valued at approximately $52,000. Inçalta Capital LLC bought a new stake in shares of Minerals Technologies in the second quarter valued at approximately $76,000. Fidelis Capital Partners LLC acquired a new position in shares of Minerals Technologies in the 1st quarter worth approximately $77,000. Finally, CWM LLC boosted its holdings in shares of Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after buying an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s shares.

Minerals Technologies trading rose 0.1%

MTX opened at $76.22 on Thursday. Minerals Technologies Inc. it has a fifty-two week low of $48.61 and a fifty-two week high of $90.29. The firm has a market cap of $2.46 billion, a PE ratio of 26.37 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.46, and a quick ratio of 1.72. The company’s 50-day moving average is $74.43, and its 200-day moving average is $77.91.

Want more great investment ideas?

Minerals Technologies (NYSE:MTX – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.60 by $0.05. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The firm had revenue of $541.20 million during the quarter, compared to the consensus estimate of $561.60 million. In the same period last year, the company posted earnings of $1.31 per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Minerals Technologies Inc. will post 6.22 earnings per share for the current fiscal year.

Minerals Technologies announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.10 dividend. This represents a dividend of $0.40 on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, August 16. Minerals Technologies’ payout ratio is currently 13.84%.

Changes in Analyst Ratings

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Thursday.

See our latest report on MTX

Minerals Technologies Company Profile

(Free Report)

Minerals Technologies Inc develops, manufactures and markets various mineral, mineral-based and related systems and services. The company operates through two segments, Consumer & Specialties and Engineered Solutions. The Consumer & Specialties segment offers household and personal care products such as pet bedding, personal care, fabric care, edible oil and other purification fluids, animal health and agricultural products; and specialty additives, including precipitated calcium carbonate products and ground calcium carbonate products, which are used in the paper, paperboard, and fiber packaging industries, as well as in the automotive, construction, and table and food applications .