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

Quarry LP raised its stake in Minerals Technologies Inc. (NYSE:MTX) by 1,857.4% in the 2nd 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.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased 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 buying an additional 275 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Minerals Technologies in the second quarter valued at approximately $52,000. Innealta Capital LLC bought a new stake in shares of Minerals Technologies during the second quarter valued at approximately $76,000. Fidelis Capital Partners LLC acquired a new position in shares of Minerals Technologies during the first quarter worth approximately $77,000. Finally, CWM LLC lifted its holdings in shares of Minerals Technologies by 585.6% in the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Trading Up 0.1 %

MTX opened at $76.22 on Thursday. Minerals Technologies Inc. has a fifty-two week low of $48.61 and a fifty-two week high of $90.29. The firm has a market capitalization 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.

Minerals Technologies (NYSE:MTX) 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. During the same period in the prior year, the business posted $1.31 earnings 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 business 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 $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, August 16th. Minerals Technologies’s payout ratio is currently 13.84%.

Analyst Ratings Changes

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

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.