MTS Systems Corp. (MTSC) Upgraded to “Buy” by Sidoti
MTS Systems Corp. (NASDAQ:MTSC) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded MTS Systems Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Co. began coverage on MTS Systems Corp. in a research report on Wednesday, August 17th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $54.00 target price on shares of MTS Systems Corp. in a research report on Wednesday, July 20th. Finally, Stephens upgraded MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.67.
MTS Systems Corp. (NASDAQ:MTSC) traded up 3.34% during midday trading on Thursday, hitting $43.99. The company had a trading volume of 87,981 shares. MTS Systems Corp. has a 52-week low of $41.53 and a 52-week high of $68.28. The stock has a market cap of $733.49 million, a PE ratio of 21.36 and a beta of 1.60. The stock’s 50-day moving average price is $46.80 and its 200-day moving average price is $48.78.
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MTS Systems Corp. (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.04. The firm had revenue of $157.70 million for the quarter, compared to analysts’ expectations of $146.77 million. MTS Systems Corp. had a return on equity of 12.45% and a net margin of 5.37%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, equities research analysts expect that MTS Systems Corp. will post $2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, September 15th. MTS Systems Corp.’s dividend payout ratio is currently 58.54%.
Several large investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in MTS Systems Corp. by 0.8% in the second quarter. American International Group Inc. now owns 11,305 shares of the company’s stock worth $496,000 after buying an additional 88 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in MTS Systems Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 37,870 shares of the company’s stock worth $1,660,000 after buying an additional 178 shares in the last quarter. Nationwide Fund Advisors boosted its stake in MTS Systems Corp. by 3.2% in the second quarter. Nationwide Fund Advisors now owns 9,878 shares of the company’s stock worth $433,000 after buying an additional 304 shares in the last quarter. Capstone Asset Management Co. boosted 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. Finally, Louisiana State Employees Retirement System boosted its stake in MTS Systems Corp. by 12.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock worth $320,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.
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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