MTS Systems Corporation (MTSC) Insider David Hore Buys 5,000 Shares
MTS Systems Corporation (NASDAQ:MTSC) insider David Hore bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average cost of $47.13 per share, with a total value of $235,650.00. Following the transaction, the insider now directly owns 20,977 shares of the company’s stock, valued at $988,646.01. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
David Hore also recently made the following trade(s):
- On Thursday, August 10th, David Hore bought 10,000 shares of MTS Systems Corporation stock. The shares were purchased at an average cost of $48.20 per share, with a total value of $482,000.00.
MTS Systems Corporation (MTSC) opened at 47.15 on Tuesday. The stock has a market cap of $799.43 million, a PE ratio of 36.07 and a beta of 1.29. The firm has a 50 day moving average of $50.76 and a 200-day moving average of $51.98. 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 released its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. The firm had revenue of $194 million during the quarter, compared to the consensus estimate of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, analysts expect that MTS Systems Corporation will post $2.14 earnings per share for the current 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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is presently 91.60%.
WARNING: “MTS Systems Corporation (MTSC) Insider David Hore Buys 5,000 Shares” was published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/mts-systems-corporation-mtsc-insider-david-hore-buys-5000-shares/1528952.html.
A number of equities research analysts recently commented on the stock. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. 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 cut 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, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.67.
A number of institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in MTS Systems Corporation during the second quarter worth approximately $473,000. State Street Corp boosted its stake in MTS Systems Corporation by 3.7% in the second quarter. State Street Corp now owns 409,067 shares of the scientific and technical instruments company’s stock worth $21,185,000 after buying an additional 14,686 shares during the last quarter. Gotham Asset Management LLC bought a new stake in MTS Systems Corporation during the second quarter worth about $469,000. Brandywine Global Investment Management LLC boosted its stake in MTS Systems Corporation by 168.5% in the second quarter. Brandywine Global Investment Management LLC now owns 206,810 shares of the scientific and technical instruments company’s stock worth $10,713,000 after buying an additional 129,799 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in MTS Systems Corporation by 10.1% in the second quarter. Voya Investment Management LLC now owns 7,939 shares of the scientific and technical instruments company’s stock worth $411,000 after buying an additional 727 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.
Receive News & Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.