CTS (NYSE:CTS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

CTS Corporation (NYSE:CTS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.35 and traded as high as $50.19. CTS shares last traded at $49.9970, with a volume of 231,388 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CTS. Wall Street Zen raised shares of CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

CTS Stock Up 2.8%

The firm has a 50-day moving average price of $51.22 and a two-hundred day moving average price of $45.35. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 2.30.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, February 10th. The electronics maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $137.27 million for the quarter, compared to analyst estimates of $135.86 million. CTS had a net margin of 12.07% and a return on equity of 12.14%. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. On average, sell-side analysts forecast that CTS Corporation will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. CTS’s payout ratio is 7.31%.

Institutional Trading of CTS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of CTS by 357.2% in the 3rd quarter. SG Americas Securities LLC now owns 31,571 shares of the electronics maker’s stock valued at $1,261,000 after purchasing an additional 24,666 shares during the last quarter. Rhumbline Advisers increased its position in CTS by 3.0% during the second quarter. Rhumbline Advisers now owns 89,595 shares of the electronics maker’s stock worth $3,818,000 after buying an additional 2,577 shares during the period. Horizon Investments LLC lifted its stake in CTS by 14.0% in the third quarter. Horizon Investments LLC now owns 13,453 shares of the electronics maker’s stock valued at $537,000 after buying an additional 1,653 shares during the last quarter. Entropy Technologies LP purchased a new stake in CTS in the third quarter valued at approximately $341,000. Finally, Captrust Financial Advisors boosted its holdings 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 acquiring an additional 876 shares during the period. 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.