Minerals Technologies (NYSE:MTX) Earns Buy Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of Minerals Technologies (NYSE:MTX) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $103.00 price target on the basic materials company’s stock. Truist Financial’s price target points to a potential upside of 34.97% from the stock’s current price.

Separately, StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Minerals Technologies Stock Performance

MTX opened at $76.32 on Tuesday. The firm has a market cap of $2.43 billion, a P/E ratio of 16.17 and a beta of 1.31. The business’s fifty day moving average is $77.91 and its 200-day moving average is $77.36. Minerals Technologies has a 52-week low of $64.91 and a 52-week high of $90.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46.

Hedge Funds Weigh In On Minerals Technologies

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after buying an additional 178 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Minerals Technologies by 9.6% during the third quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 366 shares in the last quarter. Diversified Trust Co boosted its holdings in Minerals Technologies by 4.0% during the third quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company’s stock worth $844,000 after purchasing an additional 419 shares during the last quarter. KBC Group NV grew its position in Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 451 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Minerals Technologies by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,522 shares of the basic materials company’s stock worth $1,457,000 after buying an additional 526 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

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.