MTX Minerals Technologies Inc

Broad Bay Capital Management LP has acquired a new position in Minerals Technologies Inc. (NYSE:MTX), purchasing 307,349 shares valued at approximately $16.93 million. This investment constitutes 2.0% of Broad Bay's portfolio and gives them a 0.98% stake in MTX. Analyst ratings for Minerals Technologies are mixed, with a consensus "Hold" rating and a price target of $84.00.

Gamco Investors INC. ET AL increased its stake in Minerals Technologies Inc. by 17.5%, purchasing 42,011 shares to own a total of 282,111 shares valued at approximately $15.54 million. Concurrently, insider Brett Argirakis sold 6,501 shares, reducing his position by over 19%. Minerals Technologies recently raised its quarterly dividend to $0.12 and holds an average analyst consensus rating of "Hold" with a target price of $84.00.

Brandes Investment Partners LP significantly increased its stake in Minerals Technologies Inc. (NYSE:MTX) by 436.3% in the second quarter, now holding 538,073 shares valued at approximately $29.6 million. The company recently raised its quarterly dividend to $0.12 per share, and while its last reported EPS was $1.50 with $557 million in revenue, it faces a negative net margin and a highly negative P/E ratio. Institutional ownership is high at around 97%, and analyst ratings for MTX are mixed, with an average "Hold" rating and a target price of $84.00.

TradeLink Capital LLC recently acquired 13,211 shares of Minerals Technologies Inc. (NYSE:MTX), a basic materials company, valued at approximately $728,000, making it their 16th largest holding. Concurrently, an insider, Brett Argirakis, sold 6,501 shares, reducing his ownership by over 19%. Minerals Technologies also increased its quarterly dividend to $0.12, while analysts maintain a consensus "Hold" rating with an $84.00 target price.

Freedom Capital Markets has initiated coverage on Minerals Technologies (MTX) with a positive outlook, a significant development that could increase the company's visibility. While this new coverage adds interest, Minerals Technologies' investment narrative still relies on its ability to grow specialty minerals faster than declines in traditional paper and construction markets. The company's expansion into cat litter production facilities is a key development amidst competition in the pet care segment, while its narrative projects substantial revenue and earnings growth by 2028.

Minerals Technologies Inc. (MTI) reported record third-quarter earnings per share of $1.37, or $1.55 excluding special items, with worldwide net sales of $532 million. The company achieved strong operating income of $71 million ($78 million excluding special items) and significant cash flow from operations, highlighting solid performance despite mixed market conditions. MTI's Consumer & Specialties segment and Engineered Solutions segment demonstrated growth and improved operating margins, driven by strategic investments and increased volumes in various product lines.