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%.

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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.

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