Insider Buying: MTS Systems Co. (NASDAQ:MTSC) CEO Buys 33,000 Shares of Stock

MTS Systems Co. (NASDAQ:MTSC) CEO Jeffrey A. Graves purchased 33,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $18.46 per share, with a total value of $609,180.00.

Jeffrey A. Graves also recently made the following trade(s):

  • On Wednesday, November 27th, Jeffrey A. Graves purchased 2,000 shares of MTS Systems stock. The stock was acquired at an average cost of $46.40 per share, with a total value of $92,800.00.

Shares of NASDAQ MTSC traded up $0.58 during midday trading on Wednesday, hitting $46.55. The company’s stock had a trading volume of 173,717 shares, compared to its average volume of 117,032. MTS Systems Co. has a 1-year low of $38.42 and a 1-year high of $63.31. The firm’s fifty day moving average price is $55.80 and its 200-day moving average price is $56.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.79. The firm has a market cap of $879.87 million, a P/E ratio of 19.08, a P/E/G ratio of 1.91 and a beta of 1.24.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, November 25th. The scientific and technical instruments company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). MTS Systems had a net margin of 4.83% and a return on equity of 9.78%. The business had revenue of $224.08 million during the quarter, compared to analyst estimates of $218.07 million. During the same period last year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, research analysts predict that MTS Systems Co. will post 2.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, December 13th. MTS Systems’s payout ratio is 49.18%.

Several research analysts have recently commented on MTSC shares. ValuEngine raised shares of MTS Systems from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. BidaskClub lowered shares of MTS Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd. Finally, Sidoti lowered shares of MTS Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $69.00 to $60.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $58.67.

A number of institutional investors have recently bought and sold shares of MTSC. Arizona State Retirement System boosted its stake in MTS Systems by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 27,850 shares of the scientific and technical instruments company’s stock valued at $1,630,000 after purchasing an additional 234 shares during the period. Advisor Group Inc. boosted its stake in MTS Systems by 7.8% during the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock valued at $209,000 after purchasing an additional 259 shares during the period. Envestnet Asset Management Inc. boosted its stake in MTS Systems by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,006 shares of the scientific and technical instruments company’s stock valued at $2,049,000 after purchasing an additional 1,165 shares during the period. Swiss National Bank boosted its stake in MTS Systems by 2.8% during the 2nd quarter. Swiss National Bank now owns 33,400 shares of the scientific and technical instruments company’s stock valued at $1,955,000 after purchasing an additional 900 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake in MTS Systems by 6.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 27,870 shares of the scientific and technical instruments company’s stock valued at $1,631,000 after purchasing an additional 1,760 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.

About MTS Systems

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

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