CTS (NYSE:CTS) Stock Crosses Above 200 Day Moving Average – Time to Sell?

CTS Corporation (NYSE:CTS) crossed 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 trading hands.

Analysts Set New Price Targets

CTS has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a research report on Tuesday, May 26th. Zacks Research upgraded shares of CTS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

CTS Price Performance

The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $60.82 and its 200-day moving average price is $53.00. The stock has a market cap of $1.95 billion, a P/E ratio of 29.09, a PEG ratio of 1.72 and a beta of 1.04.

CTS (NYSE:CTS) last posted 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 net margin of 12.46% and a return on equity of 12.90%. The company had revenue of $139.23 million during the quarter, compared to analyst estimates of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts forecast that CTS Corporation will post 2.43 earnings per share for the current year.

CTS Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, June 26th. CTS’s dividend payout ratio is 6.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after buying an additional 710 shares during the period. Amundi increased its stake in shares of CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after buying an additional 1,019 shares during the period. AQR Capital Management LLC increased its stake in shares of CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,558 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CTS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after acquiring an additional 785 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CTS by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock valued at $2,921,000 after acquiring an additional 7,144 shares in the last quarter. Hedge funds and other institutional investors 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.