MTS Systems Corp. (MTSC) Upgraded to “Buy” by Sidoti
MTS Systems Corp. (NASDAQ:MTSC) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday.
Several other analysts have also commented on MTSC. Wells Fargo & Co. started coverage on MTS Systems Corp. in a report on Wednesday, August 17th. They set a “market perform” rating on the stock. Zacks Investment Research raised MTS Systems Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. started coverage on MTS Systems Corp. in a report on Thursday, June 23rd. They set an “overweight” rating and a $54.00 target price on the stock. Finally, Stephens raised MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a report on Friday, June 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.67.
MTS Systems Corp. (NASDAQ:MTSC) traded up 3.34% on Thursday, reaching $43.99. The company had a trading volume of 87,981 shares. MTS Systems Corp. has a 1-year low of $41.53 and a 1-year high of $68.28. The stock has a market capitalization of $733.49 million, a P/E ratio of 21.36 and a beta of 1.60. The stock’s 50 day moving average is $46.80 and its 200-day moving average is $48.78.
MTS Systems Corp. (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $157.70 million for the quarter, compared to analyst estimates of $146.77 million. MTS Systems Corp. had a return on equity of 12.45% and a net margin of 5.37%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. On average, equities analysts predict that MTS Systems Corp. will post $2.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. MTS Systems Corp.’s dividend payout ratio is currently 58.54%.
Institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its position in shares of MTS Systems Corp. by 15.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,747 shares of the company’s stock worth $3,453,000 after buying an additional 7,789 shares in the last quarter. Prudential Financial Inc. increased its position in shares of MTS Systems Corp. by 6.9% in the first quarter. Prudential Financial Inc. now owns 37,232 shares of the company’s stock worth $2,266,000 after buying an additional 2,400 shares in the last quarter. BlackRock Group LTD increased its position in shares of MTS Systems Corp. by 7.6% in the first quarter. BlackRock Group LTD now owns 20,421 shares of the company’s stock worth $1,242,000 after buying an additional 1,443 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of MTS Systems Corp. by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 17,130 shares of the company’s stock worth $1,042,000 after buying an additional 1,008 shares in the last quarter. Finally, Zebra Capital Management LLC increased its position in shares of MTS Systems Corp. by 25.2% in the first quarter. Zebra Capital Management LLC now owns 9,331 shares of the company’s stock worth $568,000 after buying an additional 1,880 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.
About MTS Systems Corp.
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.
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