MTS Systems Corp. (MTSC) Given Consensus Rating of “Buy” by Analysts
MTS Systems Corp. (NASDAQ:MTSC) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $59.00.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of MTS Systems Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, October 18th. Wells Fargo & Co. assumed coverage on shares of MTS Systems Corp. in a research note on Wednesday, August 17th. They issued a “market perform” rating on the stock. Finally, Sidoti raised shares of MTS Systems Corp. from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Thursday, October 13th.
Shares of MTS Systems Corp. (NASDAQ:MTSC) traded up 0.28% on Tuesday, reaching $54.65. 159,855 shares of the company traded hands. MTS Systems Corp. has a one year low of $41.53 and a one year high of $64.62. The stock’s 50 day moving average price is $48.46 and its 200-day moving average price is $47.05. The stock has a market capitalization of $911.23 million, a P/E ratio of 26.54 and a beta of 1.50.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 19th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 15th. MTS Systems Corp.’s dividend payout ratio (DPR) is currently 58.54%.
Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its stake in MTS Systems Corp. by 98.0% in the second quarter. Acrospire Investment Management LLC now owns 2,424 shares of the company’s stock valued at $106,000 after buying an additional 1,200 shares during the period. Mason Street Advisors LLC bought a new stake in MTS Systems Corp. during the second quarter valued at $141,000. Mosaic Family Wealth LLC boosted its stake in MTS Systems Corp. by 10.7% in the third quarter. Mosaic Family Wealth LLC now owns 3,085 shares of the company’s stock valued at $142,000 after buying an additional 298 shares during the period. SG Americas Securities LLC bought a new stake in MTS Systems Corp. during the third quarter valued at $146,000. Finally, Royal Bank of Canada boosted its stake in MTS Systems Corp. by 198.2% in the second quarter. Royal Bank of Canada now owns 3,674 shares of the company’s stock valued at $161,000 after buying an additional 2,442 shares during the period. Institutional investors and hedge funds own 97.10% of the company’s stock.
MTS Systems Corp. Company Profile
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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