MTS Systems Corporation (NASDAQ:MTSC) insider Jeffrey A. Graves purchased 1,000 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $48.31 per share, for a total transaction of $48,310.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Jeffrey A. Graves also recently made the following trade(s):
- On Monday, June 12th, Jeffrey A. Graves sold 1,426 shares of MTS Systems Corporation stock. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40.
Shares of MTS Systems Corporation (NASDAQ:MTSC) opened at 49.30 on Tuesday. The stock has a 50 day moving average of $51.88 and a 200 day moving average of $52.62. The company has a market cap of $835.88 million, a price-to-earnings ratio of 37.72 and a beta of 1.29. MTS Systems Corporation has a 12-month low of $41.53 and a 12-month high of $59.00.
MTS Systems Corporation (NASDAQ:MTSC) last posted 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. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The business had revenue of $194 million during the quarter, compared to the consensus estimate of $193.03 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. MTS Systems Corporation’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities analysts expect that MTS Systems Corporation will post $2.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is presently 91.60%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in 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 in the last quarter. SG Americas Securities LLC acquired a new position in MTS Systems Corporation during the second quarter worth about $110,000. Mosaic Family Wealth LLC boosted its position in 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new position in MTS Systems Corporation during the first quarter worth about $203,000.
MTSC has been the topic of several analyst reports. TheStreet lowered 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 reissued an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. Finally, BidaskClub lowered 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 issued a hold rating and two have given a buy rating to the company. MTS Systems Corporation currently has a consensus rating of “Hold” and an average target price of $55.67.
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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