CTS (NYSE:CTS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

CTS Corporation (NYSE:CTS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $54.59 and traded as high as $59.29. CTS shares last traded at $59.0240, with a volume of 223,633 shares.

Analyst Ratings Changes

A number of brokerages have commented on CTS. Zacks Research lowered CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

CTS Stock Performance

The stock has a fifty day simple moving average of $62.71 and a two-hundred day simple moving average of $54.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.52 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, topping analysts’ consensus estimates of $0.52 by $0.10. CTS had a return on equity of 12.90% and a net margin of 12.46%.The company had revenue of $139.23 million during the quarter, compared to analysts’ expectations of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect that CTS Corporation will post 2.43 EPS for the current fiscal year.

CTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.16 annualized dividend and a yield of 0.3%. CTS’s payout ratio is presently 6.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL grew its holdings in shares of CTS by 103.4% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CTS by 11.3% in 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 buying an additional 7,144 shares in the last quarter. Jane Street Group LLC grew its stake in shares of CTS by 19.0% during the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after buying an additional 9,530 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of CTS during the fourth quarter worth $2,202,000. Finally, Lazard Asset Management LLC increased its holdings in shares of CTS by 4.3% during the second quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock worth $1,349,000 after buying an additional 1,299 shares in the last quarter. 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.