FBR & Co reissued their buy rating on shares of MTS Systems Corporation (NASDAQ:MTSC) in a research note released on Tuesday morning.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded MTS Systems Corporation from a buy rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub downgraded MTS Systems Corporation from a hold rating to a sell rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $58.00.

Shares of MTS Systems Corporation (NASDAQ MTSC) traded down 1.12% during midday trading on Tuesday, reaching $53.10. 25,589 shares of the company’s stock traded hands. The stock has a market cap of $900.31 million, a price-to-earnings ratio of 40.63 and a beta of 1.28. MTS Systems Corporation has a 52-week low of $44.39 and a 52-week high of $59.00. The stock has a 50 day moving average of $50.65 and a 200-day moving average of $51.01.

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, beating the Zacks’ consensus estimate of $0.46 by $0.10. The business had revenue of $194.00 million during the quarter, compared to the consensus estimate of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. MTS Systems Corporation’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that MTS Systems Corporation will post $2.14 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is presently 91.60%.

In other MTS Systems Corporation news, insider Jeffrey A. Graves bought 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $48.31 per share, for a total transaction of $48,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Hore bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average price of $47.13 per share, for a total transaction of $235,650.00. Following the transaction, the insider now owns 20,977 shares of the company’s stock, valued at $988,646.01. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 20,000 shares of company stock worth $951,560. Company insiders own 1.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Good Life Advisors LLC grew its position in MTS Systems Corporation by 0.7% in the second quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock valued at $219,000 after acquiring an additional 31 shares during the last quarter. Arizona State Retirement System grew its position in MTS Systems Corporation by 1.2% in the first quarter. Arizona State Retirement System now owns 8,653 shares of the scientific and technical instruments company’s stock valued at $476,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund grew its position in MTS Systems Corporation by 1.2% in the second quarter. Texas Permanent School Fund now owns 12,223 shares of the scientific and technical instruments company’s stock valued at $633,000 after acquiring an additional 150 shares during the last quarter. Naples Global Advisors LLC grew its position in MTS Systems Corporation by 1.6% in the second quarter. Naples Global Advisors LLC now owns 11,222 shares of the scientific and technical instruments company’s stock valued at $581,000 after acquiring an additional 180 shares during the last quarter. Finally, Mosaic Family Wealth LLC grew its position 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 acquiring an additional 185 shares during 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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