MTS Systems Corporation (NASDAQ:MTSC) Insider Acquires $482,000.00 in Stock

MTS Systems Corporation (NASDAQ:MTSC) insider David Hore bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $48.20 per share, with a total value of $482,000.00. Following the completion of the acquisition, the insider now owns 15,000 shares in the company, valued at $723,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of MTS Systems Corporation (MTSC) traded up 0.63% during midday trading on Friday, reaching $48.25. 40,912 shares of the company traded hands. MTS Systems Corporation has a 1-year low of $41.53 and a 1-year high of $59.00. The stock has a market capitalization of $818.08 million, a P/E ratio of 36.92 and a beta of 1.29. The stock’s 50-day moving average is $52.09 and its 200-day moving average is $52.84.

MTS Systems Corporation (NASDAQ:MTSC) last released 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 the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The firm had revenue of $194 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. MTS Systems Corporation’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities analysts predict that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.

The firm also recently disclosed 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 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s payout ratio is 91.60%.

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Several research firms have recently weighed in on MTSC. FBR & Co reaffirmed an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. 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. Finally, BidaskClub lowered shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. MTS Systems Corporation currently has an average rating of “Hold” and a consensus price target of $55.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTSC. Good Life Advisors LLC boosted its position in MTS Systems Corporation by 0.7% in the second quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock valued at $219,000 after buying an additional 31 shares during the last quarter. 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 valued at $101,000 after buying an additional 50 shares during the last quarter. Welch & Forbes LLC boosted its position in MTS Systems Corporation by 1.0% in the first quarter. Welch & Forbes LLC now owns 6,970 shares of the scientific and technical instruments company’s stock valued at $384,000 after buying an additional 70 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in MTS Systems Corporation by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the scientific and technical instruments company’s stock valued at $175,000 after buying an additional 91 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position 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 valued at $374,000 after buying an additional 100 shares during the last quarter.

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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