MTS Systems Corp. (MTSC) Sees Large Volume Increase
MTS Systems Corp. (NASDAQ:MTSC) saw strong trading volume on Thursday . 221,438 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 199,655 shares.The stock last traded at $50.14 and had previously closed at $49.75.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut MTS Systems Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 17th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $54.00 price objective on shares of MTS Systems Corp. in a research note on Wednesday, July 20th. TheStreet cut MTS Systems Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Stephens upgraded MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 17th. Finally, Wunderlich decreased their price objective on MTS Systems Corp. from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $61.67.
The firm has a market capitalization of $841.37 million and a PE ratio of 24.51. The firm has a 50 day moving average of $48.03 and a 200-day moving average of $50.84.
MTS Systems Corp. (NASDAQ:MTSC) last released its earnings results on Monday, August 8th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.04. The business earned $157.70 million during the quarter, compared to analyst estimates of $146.77 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that MTS Systems Corp. will post $2.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.38%.
An institutional investor recently raised its position in MTS Systems Corp. stock. Principal Financial Group Inc. increased its position in shares of MTS Systems Corp. (NASDAQ:MTSC) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,454 shares of the company’s stock after buying an additional 4,179 shares during the period. Principal Financial Group Inc. owned 1.30% of MTS Systems Corp. worth $12,204,000 as of its most recent SEC filing.
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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