Shares of MTS Systems Corp. (NASDAQ:MTSC) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $61.00.
A number of equities analysts recently issued reports on the company. Wells Fargo & Co. assumed coverage on MTS Systems Corp. in a report on Wednesday, August 17th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded MTS Systems Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, August 12th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $54.00 price target on shares of MTS Systems Corp. in a report on Wednesday, July 20th. Finally, Stephens raised MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a report on Friday, June 17th.
A number of large investors have recently modified their holdings of the stock. American International Group Inc. boosted its stake in shares of MTS Systems Corp. by 0.8% in the second quarter. American International Group Inc. now owns 11,305 shares of the company’s stock worth $496,000 after buying an additional 88 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in MTS Systems Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 37,870 shares of the company’s stock valued at $1,660,000 after buying an additional 178 shares during the period. Arizona State Retirement System boosted its stake in MTS Systems Corp. by 4.1% in the first quarter. Arizona State Retirement System now owns 7,553 shares of the company’s stock valued at $460,000 after buying an additional 300 shares during the period. Nationwide Fund Advisors boosted its stake in MTS Systems Corp. by 3.2% in the second quarter. Nationwide Fund Advisors now owns 9,878 shares of the company’s stock valued at $433,000 after buying an additional 304 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in MTS Systems Corp. by 9.2% in the second quarter. Capstone Asset Management Co. now owns 5,440 shares of the company’s stock valued at $238,000 after buying an additional 460 shares during the period. Institutional investors own 96.99% of the company’s stock.
Shares of MTS Systems Corp. (NASDAQ:MTSC) opened at 45.86 on Tuesday. MTS Systems Corp. has a 52-week low of $41.68 and a 52-week high of $68.28. The stock has a market capitalization of $764.67 million, a price-to-earnings ratio of 22.27 and a beta of 1.61. The firm’s 50 day moving average is $48.11 and its 200 day moving average is $49.95.
MTS Systems Corp. (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.04. The firm earned $157.70 million during the quarter, compared to the consensus estimate of $146.77 million. MTS Systems Corp. had a return on equity of 12.45% and a net margin of 5.37%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 earnings per share. Equities analysts expect that MTS Systems Corp. will post $2.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 15th. MTS Systems Corp.’s dividend payout ratio is currently 58.54%.
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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