David Hore Acquires 5,000 Shares of MTS Systems Corporation (MTSC) Stock
MTS Systems Corporation (NASDAQ:MTSC) insider David Hore bought 5,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were acquired at an average price of $47.13 per share, with a total value of $235,650.00. Following the completion of the acquisition, the insider now directly owns 20,977 shares of the company’s stock, valued at approximately $988,646.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David Hore also recently made the following trade(s):
- On Thursday, August 10th, David Hore bought 10,000 shares of MTS Systems Corporation stock. The shares were acquired at an average price of $48.20 per share, with a total value of $482,000.00.
Shares of MTS Systems Corporation (NASDAQ MTSC) traded up 0.75% during trading on Monday, reaching $47.15. 115,392 shares of the company were exchanged. The firm has a market capitalization of $799.43 million, a PE ratio of 36.07 and a beta of 1.29. The company’s 50-day moving average is $50.76 and its 200 day moving average is $51.98. MTS Systems Corporation has a 1-year low of $41.53 and a 1-year high of $59.00.
MTS Systems Corporation (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.46 by $0.10. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The company had revenue of $194 million during the quarter, compared to analysts’ expectations of $193.03 million. During the same quarter in the previous year, the business posted $0.78 EPS. The firm’s revenue was up 23.0% on a year-over-year basis. Equities research analysts expect that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 91.60%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in MTS Systems Corporation during the second quarter valued at approximately $473,000. State Street Corp boosted its position in MTS Systems Corporation by 3.7% in the second quarter. State Street Corp now owns 409,067 shares of the scientific and technical instruments company’s stock valued at $21,185,000 after buying an additional 14,686 shares during the period. Gotham Asset Management LLC purchased a new position in MTS Systems Corporation during the second quarter valued at approximately $469,000. Brandywine Global Investment Management LLC boosted its position in MTS Systems Corporation by 168.5% in the second quarter. Brandywine Global Investment Management LLC now owns 206,810 shares of the scientific and technical instruments company’s stock valued at $10,713,000 after buying an additional 129,799 shares during the period. Finally, Voya Investment Management LLC boosted its position in MTS Systems Corporation by 10.1% in the second quarter. Voya Investment Management LLC now owns 7,939 shares of the scientific and technical instruments company’s stock valued at $411,000 after buying an additional 727 shares during the period.
MTSC has been the subject of several recent research reports. Zacks Investment Research lowered shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. MTS Systems Corporation currently has an average rating of “Hold” and an average price target 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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