CTS (NYSE:CTS) Stock Passes Above 200-Day Moving Average – Here’s Why

CTS Corporation (NYSE:CTS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.72 and traded as high as $55.87. CTS shares last traded at $54.8730, with a volume of 168,498 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CTS. Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, CTS presently has an average rating of “Hold”.

CTS Trading Down 1.3%

The company has a current ratio of 2.30, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $51.19 and a 200-day simple moving average of $46.88. The company has a market capitalization of $1.56 billion, a PE ratio of 24.84, a PEG ratio of 1.43 and a beta of 0.93.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $137.27 million during the quarter, compared to analysts’ expectations of $135.86 million. CTS had a return on equity of 12.14% and a net margin of 12.07%.CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Analysts predict that CTS Corporation will post 2.41 EPS for the current year.

CTS Dividend Announcement

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

Hedge Funds Weigh In On CTS

Several large investors have recently modified their holdings of the business. State of Tennessee Department of Treasury lifted its stake in shares of CTS by 21.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock valued at $1,125,000 after purchasing an additional 4,658 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of CTS in the 4th quarter valued at $2,202,000. Horizon Investments LLC lifted its stake in shares of CTS by 4.7% in the 4th quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock valued at $604,000 after purchasing an additional 631 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of CTS by 103.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock valued at $3,406,000 after purchasing an additional 43,341 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of CTS in the 3rd quarter valued at $341,000. 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.