MTS Systems Corp. (NASDAQ:MTSC) Given Average Rating of “Hold” by Brokerages
MTS Systems Corp. (NASDAQ:MTSC) has received an average rating of “Hold” from the six brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $61.00.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded MTS Systems Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. assumed coverage on MTS Systems Corp. in a research report on Thursday, June 23rd. They set an “overweight” rating and a $54.00 price target for the company. Stephens upgraded MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 17th. Finally, Wells Fargo & Co. assumed coverage on MTS Systems Corp. in a research report on Wednesday, August 17th. They set a “market perform” rating for the company.
Shares of MTS Systems Corp. (NASDAQ:MTSC) traded down 1.31% during mid-day trading on Tuesday, reaching $44.39. The company’s stock had a trading volume of 27,971 shares. MTS Systems Corp. has a 52-week low of $41.68 and a 52-week high of $68.28. The company has a market capitalization of $740.16 million, a PE ratio of 21.56 and a beta of 1.61. The firm’s 50 day moving average is $48.26 and its 200-day moving average is $50.18.
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MTS Systems Corp. (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.04. MTS Systems Corp. had a return on equity of 12.45% and a net margin of 5.37%. The company earned $157.70 million during the quarter, compared to analyst estimates of $146.77 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts forecast that MTS Systems Corp. will post $2.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, September 15th. MTS Systems Corp.’s dividend payout ratio is presently 58.54%.
Several hedge funds have recently bought and sold shares of MTSC. Capstone Asset Management Co. increased its stake in MTS Systems Corp. by 9.2% in the second quarter. Capstone Asset Management Co. now owns 5,440 shares of the company’s stock worth $238,000 after buying an additional 460 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in MTS Systems Corp. by 127.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,463 shares of the company’s stock worth $239,000 after buying an additional 3,066 shares in the last quarter. Arizona State Retirement System increased its stake in MTS Systems Corp. by 4.1% in the first quarter. Arizona State Retirement System now owns 7,553 shares of the company’s stock worth $460,000 after buying an additional 300 shares in the last quarter. Renaissance Technologies LLC increased its stake in MTS Systems Corp. by 2.8% in the first quarter. Renaissance Technologies LLC now owns 393,800 shares of the company’s stock worth $23,963,000 after buying an additional 10,800 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in MTS Systems Corp. by 3.3% in the first quarter. Geode Capital Management LLC now owns 100,819 shares of the company’s stock worth $6,134,000 after buying an additional 3,211 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.
MTS Systems Corp. Company Profile
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.
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