MTS Systems Co. (NASDAQ:MTSC) Director Purchases $46,500.00 in Stock

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MTS Systems Co. (NASDAQ:MTSC) Director Chun Hung Yu bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of $46.50 per share, for a total transaction of $46,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of MTSC stock traded up $0.08 during mid-day trading on Monday, hitting $45.50. 247,454 shares of the stock traded hands, compared to its average volume of 116,234. MTS Systems Co. has a twelve month low of $38.42 and a twelve month high of $63.31. The firm has a market cap of $870.87 million, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The company’s 50-day simple moving average is $56.38 and its 200-day simple moving average is $56.52. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.79.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, November 25th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). MTS Systems had a net margin of 4.83% and a return on equity of 9.78%. The firm had revenue of $224.08 million for the quarter, compared to analyst estimates of $218.07 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts forecast that MTS Systems Co. will post 2.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, December 13th. MTS Systems’s dividend payout ratio (DPR) is presently 49.18%.

Several analysts have weighed in on the company. Sidoti downgraded MTS Systems from a “buy” rating to a “neutral” rating and cut their target price for the company from $69.00 to $60.00 in a research note on Tuesday, November 26th. ValuEngine raised MTS Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, BidaskClub downgraded MTS Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $58.67.

Several hedge funds have recently modified their holdings of the company. Voloridge Investment Management LLC acquired a new position in shares of MTS Systems during the 3rd quarter valued at $456,000. California State Teachers Retirement System grew its holdings in shares of MTS Systems by 1.5% in the 3rd quarter. California State Teachers Retirement System now owns 27,988 shares of the scientific and technical instruments company’s stock worth $1,546,000 after acquiring an additional 422 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of MTS Systems by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 31,135 shares of the scientific and technical instruments company’s stock worth $1,721,000 after acquiring an additional 549 shares during the last quarter. State Street Corp grew its holdings in shares of MTS Systems by 1.1% in the 3rd quarter. State Street Corp now owns 521,989 shares of the scientific and technical instruments company’s stock worth $28,840,000 after acquiring an additional 5,830 shares during the last quarter. Finally, BBVA USA Bancshares Inc. acquired a new position in shares of MTS Systems in the 3rd quarter worth $581,000. Institutional investors own 97.92% of the company’s stock.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

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