MTS Systems Corporation (MTSC) Given Consensus Recommendation of “Hold” by Brokerages
Shares of MTS Systems Corporation (NASDAQ:MTSC) have earned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $58.00.
A number of equities analysts recently issued reports on MTSC shares. Zacks Investment Research downgraded shares of MTS Systems Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, April 15th. TheStreet downgraded shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a report on Monday, April 17th. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.
Shares of MTS Systems Corporation (NASDAQ MTSC) opened at 51.15 on Tuesday. The company has a market cap of $856.30 million, a price-to-earnings ratio of 43.06 and a beta of 1.29. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00. The stock has a 50 day moving average of $52.74 and a 200 day moving average of $53.09.
MTS Systems Corporation (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $194 million for the quarter, compared to the consensus estimate of $193.03 million. MTS Systems Corporation had a net margin of 2.83% and a return on equity of 12.81%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. On average, equities research analysts expect that MTS Systems Corporation will post $2.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s payout ratio is 98.36%.
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In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the sale, the insider now owns 50,514 shares in the company, valued at approximately $2,732,807.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Hore bought 5,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were purchased at an average price of $51.55 per share, for a total transaction of $257,750.00. Following the purchase, the insider now owns 5,000 shares in the company, valued at approximately $257,750. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in MTS Systems Corporation during the fourth quarter worth approximately $11,982,000. Bank of Montreal Can boosted its stake in MTS Systems Corporation by 2.6% in the first quarter. Bank of Montreal Can now owns 33,927 shares of the scientific and technical instruments company’s stock worth $1,868,000 after buying an additional 865 shares during the last quarter. First National Bank of Omaha boosted its stake in MTS Systems Corporation by 17.2% in the first quarter. First National Bank of Omaha now owns 43,548 shares of the scientific and technical instruments company’s stock worth $2,397,000 after buying an additional 6,406 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in MTS Systems Corporation by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock worth $374,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake 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 during the last quarter.
About MTS Systems Corporation
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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