SG Americas Securities LLC Invests $145,000 in Minerals Technologies Inc. (NYSE:MTX)

SG Americas Securities LLC bought a new position in shares of Minerals Technologies Inc. (NYSE:MTX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,900 shares of the basic materials company’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Minerals Technologies by 2,418.2% in the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 798 shares in the last quarter. CWM LLC boosted its holdings in shares of Minerals Technologies by 40.6% during the third quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 540 shares during the period. Paloma Partners Management Co purchased a new position in Minerals Technologies during the 3rd quarter valued at $214,000. Truist Financial Corp purchased a new stake in Minerals Technologies in the second quarter worth about $274,000. Finally, EP Wealth Advisors LLC bought a new position in Minerals Technologies in the third quarter worth $269,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTX. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Truist Financial reduced their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a report on Monday.

Minerals Technologies Stock Performance

NYSE:MTX opened at $72.41 on Tuesday. The stock’s 50 day simple moving average is $76.79 and its two-hundred day simple moving average is $76.61. Minerals Technologies Inc. has a 1 year low of $68.29 and a 1 year high of $90.29. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 13.98 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.61% and a net margin of 7.89%. As a group, equities analysts anticipate that Minerals Technologies Inc. will post 6.81 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. Minerals Technologies’s payout ratio is presently 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.