William C. Becker Purchases 4,000 Shares of MTS Systems Corporation (MTSC) Stock
MTS Systems Corporation (NASDAQ:MTSC) insider William C. Becker acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $46.40 per share, for a total transaction of $185,600.00. Following the purchase, the insider now directly owns 4,000 shares in the company, valued at $185,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of MTS Systems Corporation (MTSC) opened at 46.80 on Friday. The firm has a market cap of $793.49 million, a PE ratio of 35.81 and a beta of 1.29. The stock’s 50 day moving average is $50.76 and its 200-day moving average is $51.98. 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 (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The business had revenue of $194 million for the quarter, compared to the consensus estimate of $193.03 million. During the same quarter last year, the business posted $0.78 EPS. The business’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts predict that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is currently 91.60%.
A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock valued at $101,000 after buying an additional 50 shares in the last quarter. SG Americas Securities LLC acquired a new stake in MTS Systems Corporation during the second quarter valued at approximately $110,000. Mosaic Family Wealth LLC boosted its stake in MTS Systems Corporation by 5.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after buying an additional 185 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after buying an additional 384 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in MTS Systems Corporation during the first quarter valued at approximately $203,000.
A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.67.
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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