Several other equities analysts have also commented on the company. Zacks Investment Research lowered MTS Systems Corporation from a buy rating to a hold rating in a report on Tuesday, July 18th. BidaskClub lowered MTS Systems Corporation from a hold rating to a sell rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $58.00.
MTS Systems Corporation (NASDAQ:MTSC) opened at 53.70 on Tuesday. The stock has a market cap of $910.48 million, a P/E ratio of 41.09 and a beta of 1.28. MTS Systems Corporation has a 1-year low of $41.53 and a 1-year high of $59.00. The company’s 50-day moving average price is $50.25 and its 200-day moving average price is $50.97.
MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The firm had revenue of $194.00 million for the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. MTS Systems Corporation’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Analysts predict that MTS Systems Corporation will post $2.14 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 91.60%.
In related news, insider Jeffrey A. Graves bought 1,000 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $48.31 per share, with a total value of $48,310.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Hore bought 10,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $48.20 per share, with a total value of $482,000.00. Following the completion of the acquisition, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $723,000. The disclosure for this purchase can be found here. Insiders have bought 20,000 shares of company stock valued at $951,560 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.
Several large investors have recently bought and sold shares of MTSC. SG Americas Securities LLC bought a new position in shares of MTS Systems Corporation during the second quarter valued at approximately $110,000. State of Alaska Department of Revenue grew its holdings in shares of MTS Systems Corporation by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 3,304 shares of the scientific and technical instruments company’s stock valued at $171,000 after purchasing an additional 1,454 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of MTS Systems Corporation by 5.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after purchasing an additional 185 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of MTS Systems Corporation by 12.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after purchasing an additional 384 shares during the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of MTS Systems Corporation by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock valued at $215,000 after purchasing an additional 255 shares during the last quarter.
About MTS Systems Corporation
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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