Ritholtz Wealth Management Has $405,000 Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Ritholtz Wealth Management boosted its position in Minerals Technologies Inc. (NYSE:MTX) by 84.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,243 shares of the basic materials company’s stock after acquiring an additional 2,407 shares during the quarter. Ritholtz Wealth Management’s holdings in Minerals Technologies were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in Minerals Technologies during the second quarter valued at about $52,000. Innealta Capital LLC bought a new stake in Minerals Technologies during the 2nd quarter valued at approximately $76,000. Fidelis Capital Partners LLC bought a new stake in Minerals Technologies during the 1st quarter valued at approximately $77,000. Quarry LP grew its holdings in Minerals Technologies by 1,857.4% in the 2nd quarter. Quarry LP now owns 920 shares of the basic materials company’s stock valued at $77,000 after buying an additional 873 shares during the last quarter. Finally, CWM LLC increased its position in 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 buying an additional 1,136 shares during the period. Institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 11th.

Minerals Technologies Stock Up 1.5 %

Shares of MTX opened at $78.31 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 2.46. The company has a 50-day simple moving average of $74.39 and a 200-day simple moving average of $78.04. Minerals Technologies Inc. has a 52 week low of $49.83 and a 52 week high of $90.29. The firm has a market capitalization of $2.53 billion, a P/E ratio of 27.10 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.60 by $0.05. The firm had revenue of $541.20 million during the quarter, compared to analysts’ expectations of $561.60 million. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS. On average, equities research analysts expect that Minerals Technologies Inc. will post 6.22 earnings per share for the current year.

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.