Minerals Technologies Inc. (MTX) Reaches $72.40 Formed H&S; Rodgers Brothers Cut Cubic (CUB) Position

Minerals Technologies Inc. (NYSE:MTX) Logo

Rodgers Brothers Inc decreased Cubic Corp (CUB) stake by 14.49% reported in 2017Q4 SEC filing. Rodgers Brothers Inc sold 6,850 shares as Cubic Corp (CUB)’s stock rose 6.88%. The Rodgers Brothers Inc holds 40,425 shares with $2.38 million value, down from 47,275 last quarter. Cubic Corp now has $1.91 billion valuation. The stock increased 1.81% or $1.25 during the last trading session, reaching $70.25. About 234,836 shares traded or 25.43% up from the average. Cubic Corporation (NYSE:CUB) has risen 20.61% since May 17, 2017 and is uptrending. It has outperformed by 9.06% the S&P500.

Minerals Technologies Inc. (MTX) formed H&S with $66.61 target or 8.00% below today’s $72.40 share price. Minerals Technologies Inc. (MTX) has $2.56B valuation. The stock increased 0.63% or $0.45 during the last trading session, reaching $72.4. About 136,927 shares traded or 14.88% up from the average. Minerals Technologies Inc. (NYSE:MTX) has declined 11.28% since May 17, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Since May 7, 2018, it had 1 insider buy, and 2 selling transactions for $215,783 activity. EDWARDS JAMES R sold $66,652 worth of Cubic Corporation (NYSE:CUB) on Monday, May 7. 3,000 Cubic Corporation (NYSE:CUB) shares with value of $213,581 were sold by HARRISON MARK. 1,000 Cubic Corporation (NYSE:CUB) shares with value of $64,450 were bought by Melcher David F.

Among 10 analysts covering Cubic Corporation (NYSE:CUB), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cubic Corporation has $7200 highest and $45 lowest target. $57.63’s average target is -17.96% below currents $70.25 stock price. Cubic Corporation had 24 analyst reports since September 17, 2015 according to SRatingsIntel. As per Thursday, September 17, the company rating was upgraded by Credit Suisse. The rating was initiated by BB&T Capital on Tuesday, October 20 with “Buy”. Needham maintained the stock with “Buy” rating in Friday, March 24 report. Canaccord Genuity maintained Cubic Corporation (NYSE:CUB) rating on Friday, October 27. Canaccord Genuity has “Buy” rating and $55.0 target. The rating was maintained by Needham on Friday, February 10 with “Buy”. The stock of Cubic Corporation (NYSE:CUB) earned “Buy” rating by Needham on Wednesday, September 27. The stock of Cubic Corporation (NYSE:CUB) has “Buy” rating given on Wednesday, October 11 by Credit Suisse. The rating was upgraded by Benchmark on Wednesday, November 25 to “Buy”. The stock of Cubic Corporation (NYSE:CUB) has “Neutral” rating given on Monday, November 27 by JP Morgan. Canaccord Genuity maintained Cubic Corporation (NYSE:CUB) rating on Tuesday, November 21. Canaccord Genuity has “Buy” rating and $64.0 target.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on August, 2. They expect $0.30 EPS, up 137.04% or $1.11 from last year’s $-0.81 per share. CUB’s profit will be $8.17 million for 58.54 P/E if the $0.30 EPS becomes a reality. After $-0.12 actual EPS reported by Cubic Corporation for the previous quarter, Wall Street now forecasts -350.00% EPS growth.

More notable recent Cubic Corporation (NYSE:CUB) news were published by: Benzinga.com which released: “Cubic Corp. Is The ‘Top Gun’ In Payments, William Blair Says In Bullish Initiation” on May 08, 2018, also Benzinga.com with their article: “Earnings Outlook For Cubic” published on May 02, 2018, Seekingalpha.com published: “Cubic Corporation 2018 Q2 – Results – Earnings Call Slides” on May 03, 2018. More interesting news about Cubic Corporation (NYSE:CUB) were released by: Prnewswire.com and their article: “Cubic and 4C Strategies Strengthen Strategic Partnership for Training and Readiness Capabilities” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Cubic Corporation’s (CUB) CEO Brad Feldmann on Q2 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.71, from 1.84 in 2017Q3. It dropped, as 16 investors sold CUB shares while 52 reduced holdings. 28 funds opened positions while 49 raised stakes. 23.66 million shares or 1.65% less from 24.06 million shares in 2017Q3 were reported. Frontier Management Lc owns 0.05% invested in Cubic Corporation (NYSE:CUB) for 126,973 shares. Teacher Retirement System Of Texas has invested 0% in Cubic Corporation (NYSE:CUB). State Of Alaska Department Of Revenue has 4,979 shares for 0.01% of their portfolio. 121,949 are held by Deutsche National Bank & Trust Ag. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,215 shares or 0% of its portfolio. Pnc Svcs Group Incorporated Inc accumulated 3,321 shares or 0% of the stock. Employees Retirement System Of Ohio has 0% invested in Cubic Corporation (NYSE:CUB) for 2,672 shares. 25,690 were reported by Comerica Savings Bank. Assetmark Inc holds 0% or 8 shares. Principal Gru invested 0.01% of its portfolio in Cubic Corporation (NYSE:CUB). Artisan LP holds 268,938 shares or 0.03% of its portfolio. Profund Lc holds 0.01% or 3,666 shares in its portfolio. State Board Of Administration Of Florida Retirement System has invested 0% in Cubic Corporation (NYSE:CUB). Dimensional Fund LP holds 0.04% or 1.73 million shares. The Wisconsin-based Cortina Asset Mgmt Limited Liability Co has invested 0.69% in Cubic Corporation (NYSE:CUB).

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Minerals Technologies had 8 analyst reports since August 31, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Monday, August 31. KeyBanc Capital Markets downgraded Minerals Technologies Inc. (NYSE:MTX) on Monday, September 19 to “Sector Weight” rating. Wedbush downgraded the stock to “Neutral” rating in Thursday, May 12 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, September 6. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Tuesday, October 13 report. On Friday, March 24 the stock rating was upgraded by JP Morgan to “Overweight”. The firm has “Outperform” rating given on Tuesday, December 29 by Wedbush. As per Friday, December 2, the company rating was downgraded by JP Morgan.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.20, from 1.24 in 2017Q3. It increased, as 11 investors sold Minerals Technologies Inc. shares while 67 reduced holdings. 32 funds opened positions while 80 raised stakes. 32.61 million shares or 0.66% less from 32.83 million shares in 2017Q3 were reported. Barclays Public Ltd invested 0% of its portfolio in Minerals Technologies Inc. (NYSE:MTX). Ubs Asset Management Americas holds 0% of its portfolio in Minerals Technologies Inc. (NYSE:MTX) for 22,533 shares. Rhumbline Advisers accumulated 77,586 shares. Highbridge Mgmt Ltd Liability Corporation reported 0.01% stake. Kennedy Cap Mngmt Incorporated has 0.07% invested in Minerals Technologies Inc. (NYSE:MTX) for 56,404 shares. Sg Americas Secs Limited Liability reported 0.01% in Minerals Technologies Inc. (NYSE:MTX). 364,895 are held by Wedge Capital Mngmt L Ltd Partnership Nc. Century Incorporated accumulated 0.04% or 628,478 shares. Vaughan Nelson Invest Management L P holds 0.45% or 558,200 shares. 307,275 are held by Goldman Sachs Inc. State Board Of Administration Of Florida Retirement, Florida-based fund reported 17,277 shares. First Quadrant L P Ca has invested 0.03% in Minerals Technologies Inc. (NYSE:MTX). First Tru Limited Partnership owns 25,937 shares. Everett Harris & Company Ca reported 6,400 shares stake. Northern Corporation invested 0.02% of its portfolio in Minerals Technologies Inc. (NYSE:MTX).

Analysts await Minerals Technologies Inc. (NYSE:MTX) to report earnings on August, 2. They expect $1.25 EPS, up 1.63% or $0.02 from last year’s $1.23 per share. MTX’s profit will be $44.20M for 14.48 P/E if the $1.25 EPS becomes a reality. After $1.13 actual EPS reported by Minerals Technologies Inc. for the previous quarter, Wall Street now forecasts 10.62% EPS growth.

Since February 7, 2018, it had 1 insider buy, and 0 sales for $55,488 activity. Another trade for 800 shares valued at $55,488 was made by Breunig Joseph C. on Wednesday, February 7.

Minerals Technologies Inc. (NYSE:MTX) Institutional Positions Chart