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Erik Aldag, the Senior Vice President of Finance and Treasury and Chief Financial Officer at Minerals Technologies Inc . (NYSE:MTX), recently made a significant purchase of company stock amid the company’s 31% decline over the past six months. According to a recent SEC filing, Aldag acquired 1,000 shares of common stock on April 30, 2025, at a price of $50.37 per share, amounting to a total investment of $50,370. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with a "GOOD" overall financial health score of 2.56 out of 5.
Following this transaction, Aldag’s direct ownership stands at 4,245 shares. Additionally, he holds 865.006 shares indirectly through a 401(k) plan. This purchase reflects Aldag’s continued confidence in the company’s prospects, as he increases his stake in Minerals Technologies. According to InvestingPro, management has been actively buying back shares, suggesting broader corporate confidence in the company’s value proposition. Unlock comprehensive insider trading analysis and 6 additional ProTips with an InvestingPro subscription.
In other recent news, MTU Aero Engines (OTC:MTUAY) reported strong financial results for Q4 2024, achieving an 18% increase in total adjusted revenue to €7.5 billion and a 29% rise in adjusted EBIT to €1.05 billion. The company reached its mid-term EBIT target a year ahead of schedule and secured $5.6 billion in commercial MRO contracts. MTU Aero Engines also announced a revenue guidance range of €8.7-8.9 billion for 2025, with anticipated growth in both its military and commercial new engine businesses. Meanwhile, Truist Securities adjusted its price target for Minerals Technologies to $92 from $101, maintaining a Buy rating. This revision reflects a conservative outlook with modest reductions in sales and earnings projections, particularly in the company’s Engineered Solutions segment. Truist’s analysis suggests that Minerals Technologies’ diversified market exposure supports stable earnings despite potential industrial challenges. These developments are part of the companies’ ongoing strategies to navigate market dynamics and investor expectations.
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