CTS (NYSE:CTS) Shares Pass Above 200-Day Moving Average – Time to Sell?

CTS Corporation (NYSE:CTS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.46 and traded as high as $45.65. CTS shares last traded at $43.6970, with a volume of 326,764 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTS. Wall Street Zen lowered CTS from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CTS presently has a consensus rating of “Hold”.

CTS Stock Down 1.7%

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.26 and a beta of 0.93. The firm has a 50 day simple moving average of $41.22 and a 200-day simple moving average of $41.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.64 and a quick ratio of 2.12.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, October 28th. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). CTS had a net margin of 11.14% and a return on equity of 11.92%. The firm had revenue of $142.97 million during the quarter, compared to analyst estimates of $136.40 million. CTS has set its FY 2025 guidance at 2.200-2.250 EPS. On average, sell-side analysts forecast that CTS Corporation will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, December 26th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, December 26th. CTS’s dividend payout ratio is currently 8.12%.

CTS announced that its board has authorized a stock buyback program on Friday, November 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 8.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Horizon Investments LLC increased its holdings in CTS by 14.0% during the 3rd quarter. Horizon Investments LLC now owns 13,453 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 1,653 shares in the last quarter. Entropy Technologies LP acquired a new position in CTS in the third quarter worth $341,000. SG Americas Securities LLC grew its holdings in shares of CTS by 357.2% during the third quarter. SG Americas Securities LLC now owns 31,571 shares of the electronics maker’s stock worth $1,261,000 after purchasing an additional 24,666 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of CTS by 12.1% in the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after buying an additional 876 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of CTS by 4.3% in the second quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock valued at $1,349,000 after buying an additional 1,299 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

About CTS

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.