CTS Corporation (NYSE:CTS) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 12-month consensus target price of $28.00 for the company and are forecasting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given CTS an industry rank of 54 out of 265 based on the ratings given to its competitors.

Separately, ValuEngine lowered CTS from a “buy” rating to a “hold” rating in a research note on Thursday.

Shares of CTS (NYSE CTS) opened at $26.30 on Friday. The firm has a market capitalization of $869.54, a P/E ratio of 23.16 and a beta of 1.12. CTS has a 52 week low of $19.30 and a 52 week high of $28.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.93 and a current ratio of 2.28.

CTS (NYSE:CTS) last released its quarterly earnings data on Thursday, October 26th. The electronics maker reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $106.20 million during the quarter, compared to analyst estimates of $105.56 million. CTS had a return on equity of 11.47% and a net margin of 8.79%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. sell-side analysts forecast that CTS will post 1.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, December 29th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, December 28th. CTS’s payout ratio is 14.68%.

Hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC purchased a new position in CTS during the third quarter valued at $209,000. Cigna Investments Inc. New purchased a new position in CTS during the second quarter valued at $227,000. SG Americas Securities LLC purchased a new position in CTS during the third quarter valued at $387,000. Teachers Advisors LLC lifted its position in CTS by 2.4% during the first quarter. Teachers Advisors LLC now owns 51,961 shares of the electronics maker’s stock valued at $1,107,000 after buying an additional 1,207 shares during the period. Finally, Bank of America Corp DE lifted its position in CTS by 86.1% during the first quarter. Bank of America Corp DE now owns 52,783 shares of the electronics maker’s stock valued at $1,124,000 after buying an additional 24,419 shares during the period. 93.87% of the stock is owned by institutional investors.

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CTS Company Profile

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.

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