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

CTS Corporation (NYSE:CTS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.08 and traded as high as $48.50. CTS shares last traded at $48.3380, with a volume of 130,364 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTS. Wall Street Zen lowered shares of 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 report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

CTS Stock Performance

The company has a quick ratio of 2.12, a current ratio of 2.64 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.40 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.26 and a beta of 0.91. The business has a fifty day simple moving average of $43.84 and a 200-day simple moving average of $42.07.

CTS (NYSE:CTS) last posted its quarterly earnings data 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). CTS had a net margin of 11.14% and a return on equity of 11.92%. The company had revenue of $142.97 million for the quarter, compared to the consensus estimate of $136.40 million. CTS has set its FY 2025 guidance at 2.200-2.250 EPS. On average, sell-side analysts predict that CTS Corporation will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, December 26th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, December 26th. CTS’s dividend payout ratio (DPR) is 8.12%.

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

Hedge Funds Weigh In On CTS

Several institutional investors and hedge funds have recently bought and sold shares of CTS. SG Americas Securities LLC increased its stake in CTS by 357.2% in the 3rd quarter. SG Americas Securities LLC now owns 31,571 shares of the electronics maker’s stock worth $1,261,000 after acquiring an additional 24,666 shares during the last quarter. Strs Ohio bought a new position in shares of CTS during the 1st quarter valued at approximately $440,000. Rhumbline Advisers grew its holdings in shares of CTS by 3.0% in the second quarter. Rhumbline Advisers now owns 89,595 shares of the electronics maker’s stock valued at $3,818,000 after purchasing an additional 2,577 shares in the last quarter. Entropy Technologies LP bought a new stake in CTS in the third quarter worth $341,000. Finally, Captrust Financial Advisors raised its stake in CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 876 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

About CTS

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.