Today, a Director at Minerals Technologies Inc (NYSE: MTX), John Carmola, bought shares of MTX for $54.4K.
This recent transaction increases John Carmola’s holding in the company by 200% to a total of $81.9K. Following John Carmola’s last MTX Buy transaction on August 06, 2013, the stock climbed by 22.3%.
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Based on Minerals Technologies Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $465 million and quarterly net profit of $44.1 million. In comparison, last year the company earned revenue of $417 million and had a net profit of $43 million. MTX’s market cap is $2.41B and the company has a P/E ratio of 12.08. Currently, Minerals Technologies Inc has an average volume of 128.9K.
Five different firms, including CJS Securities and Jefferies, currently also have a Buy rating on the stock.
The insider sentiment on Minerals Technologies Inc has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Minerals Technologies, Inc. engages in the development, production, and trade of specialty mineral, mineral-based, and synthetic mineral products. It operates through the following business segments: Specialty Minerals, Refractories, Performance Materials and Energy Services.
