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%.
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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.
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