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

CTS Corporation (NYSE:CTS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $41.39 and traded as high as $43.49. CTS shares last traded at $42.4980, with a volume of 174,634 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CTS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a research report on Wednesday, October 8th. Wall Street Zen cut shares of CTS from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

CTS Trading Up 0.4%

The company has a market capitalization of $1.23 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.15 and a beta of 0.94. The company has a 50-day simple moving average of $40.75 and a 200 day simple moving average of $41.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.64.

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

CTS Announces Dividend

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

CTS announced that its Board of Directors has authorized a stock buyback program on Friday, November 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 8.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On CTS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horizon Investments LLC raised 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 worth $537,000 after purchasing an additional 1,653 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of CTS during the 3rd quarter worth approximately $341,000. SG Americas Securities LLC raised its stake 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 buying an additional 24,666 shares during the last quarter. Captrust Financial Advisors lifted its holdings in 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 during the period. Finally, Lazard Asset Management LLC lifted its holdings in 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 period. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.