MTS Systems Corporation (MTSC) Given Average Recommendation of “Hold” by Brokerages

MTS Systems Corporation (NASDAQ:MTSC) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $58.00.

A number of brokerages have weighed in on MTSC. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Zacks Investment Research upgraded MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 17th. BidaskClub cut MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet cut MTS Systems Corporation from a “b-” rating to a “c” rating in a report on Monday, April 17th.

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MTS Systems Corporation (NASDAQ MTSC) traded up 4.89% during trading on Friday, reaching $53.65. 97,398 shares of the company’s stock were exchanged. The company has a market capitalization of $898.15 million, a price-to-earnings ratio of 45.16 and a beta of 1.29. The stock’s 50-day moving average price is $52.51 and its 200-day moving average price is $53.06. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00.

MTS Systems Corporation (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. MTS Systems Corporation had a return on equity of 12.81% and a net margin of 2.83%. The firm had revenue of $194 million for the quarter, compared to analysts’ expectations of $193.03 million. During the same period in the prior year, the business posted $0.78 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year. Equities analysts expect that MTS Systems Corporation will post $2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 98.36%.

In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total value of $1,288,662.00. Following the transaction, the insider now owns 50,514 shares of the company’s stock, valued at $2,732,807.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Hore bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was bought at an average cost of $51.55 per share, for a total transaction of $257,750.00. Following the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $257,750. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in MTSC. BlackRock Inc. raised its position in shares of MTS Systems Corporation by 114,721.5% in the first quarter. BlackRock Inc. now owns 2,148,311 shares of the scientific and technical instruments company’s stock valued at $118,264,000 after buying an additional 2,146,440 shares during the period. Ariel Investments LLC increased its stake in MTS Systems Corporation by 0.3% in the first quarter. Ariel Investments LLC now owns 1,796,566 shares of the scientific and technical instruments company’s stock valued at $98,901,000 after buying an additional 5,002 shares in the last quarter. Vanguard Group Inc. increased its stake in MTS Systems Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,518,170 shares of the scientific and technical instruments company’s stock valued at $83,576,000 after buying an additional 75,693 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MTS Systems Corporation by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 597,287 shares of the scientific and technical instruments company’s stock valued at $32,880,000 after buying an additional 54,307 shares in the last quarter. Finally, Denver Investment Advisors LLC increased its stake in MTS Systems Corporation by 46.7% in the second quarter. Denver Investment Advisors LLC now owns 461,557 shares of the scientific and technical instruments company’s stock valued at $23,909,000 after buying an additional 146,953 shares in 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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