David Hore Acquires 10,000 Shares of MTS Systems Corporation (NASDAQ:MTSC) Stock

MTS Systems Corporation (NASDAQ:MTSC) insider David Hore bought 10,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $48.20 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MTS Systems Corporation (MTSC) opened at 48.20 on Friday. The stock’s 50 day moving average is $51.97 and its 200 day moving average is $52.76. The company has a market capitalization of $817.23 million, a PE ratio of 36.88 and a beta of 1.29. MTS Systems Corporation has a one year low of $41.53 and a one year high of $59.00.

MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The company had revenue of $194 million for the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. MTS Systems Corporation’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. On average, analysts anticipate that MTS Systems Corporation will post $2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s payout ratio is currently 91.60%.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/08/13/david-hore-acquires-10000-shares-of-mts-systems-corporation-nasdaqmtsc-stock.html.

MTSC has been the topic of several recent research reports. TheStreet cut shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a report on Monday, April 17th. Zacks Investment Research raised shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 17th. FBR & Co reaffirmed an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. Finally, BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.67.

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in shares of MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock worth $101,000 after buying an additional 50 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of MTS Systems Corporation during the second quarter worth approximately $110,000. Mosaic Family Wealth LLC boosted its stake in shares of MTS Systems Corporation by 5.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock worth $174,000 after buying an additional 185 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 384 shares during the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of MTS Systems Corporation during the first quarter worth approximately $203,000.

MTS Systems Corporation Company Profile

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.

Receive News & Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply