American Century Companies Inc. Has $65.63 Million Stock Position in Minerals Technologies Inc. (NYSE:MTX)

American Century Companies Inc. grew its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861,173 shares of the basic materials company’s stock after acquiring an additional 204,371 shares during the period. American Century Companies Inc. owned 2.70% of Minerals Technologies worth $65,630,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MTX. Teacher Retirement System of Texas lifted its holdings in Minerals Technologies by 42.3% during the 4th quarter. Teacher Retirement System of Texas now owns 47,929 shares of the basic materials company’s stock worth $3,653,000 after purchasing an additional 14,253 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Minerals Technologies during the fourth quarter worth $226,000. Brandes Investment Partners LP bought a new stake in shares of Minerals Technologies in the fourth quarter valued at about $3,648,000. Picton Mahoney Asset Management grew its stake in shares of Minerals Technologies by 1,347.0% in the fourth quarter. Picton Mahoney Asset Management now owns 7,105 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 6,614 shares in the last quarter. Finally, Vestcor Inc bought a new position in Minerals Technologies during the fourth quarter worth about $185,000. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

MTX stock opened at $65.18 on Wednesday. The company’s 50-day moving average price is $71.57 and its two-hundred day moving average price is $75.30. Minerals Technologies Inc. has a 12 month low of $64.30 and a 12 month high of $90.30. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.08 billion, a P/E ratio of 12.58 and a beta of 1.28.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. On average, analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MTX shares. Truist Financial lowered their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, February 10th. StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

About Minerals Technologies

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.