CTS (NYSE:CTS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

CTS Corporation (NYSE:CTS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.00 and traded as high as $68.31. CTS shares last traded at $68.0630, with a volume of 550,951 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CTS shares. Zacks Research upgraded shares of CTS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

CTS Stock Performance

The firm has a market capitalization of $1.92 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.52 and a quick ratio of 1.98. The stock has a 50-day moving average price of $61.26 and a 200-day moving average price of $53.30.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. CTS had a return on equity of 12.90% and a net margin of 12.46%.The firm had revenue of $139.23 million during the quarter, compared to the consensus estimate of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, research analysts expect that CTS Corporation will post 2.43 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, June 26th. CTS’s dividend payout ratio is 6.84%.

Institutional Trading of CTS

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in CTS by 308.5% in the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 1,058 shares in the last quarter. Royal Bank of Canada boosted its stake in CTS by 11.2% during the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after acquiring an additional 710 shares during the last quarter. Entropy Technologies LP bought a new position in CTS during the 1st quarter valued at $387,000. Captrust Financial Advisors grew its holdings in CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after acquiring an additional 876 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in CTS by 19.4% during the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after acquiring an additional 1,558 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Company Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.