CTS Co. (NYSE:CTS) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus target price of $30.00 for the company, according to Zacks. Zacks has also assigned CTS an industry rank of 209 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered CTS from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.
Large investors have recently bought and sold shares of the company. LS Investment Advisors LLC lifted its stake in shares of CTS by 253.1% in the 4th quarter. LS Investment Advisors LLC now owns 3,513 shares of the electronics maker’s stock valued at $91,000 after purchasing an additional 2,518 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of CTS by 44.8% in the fourth quarter. Bank of Montreal Can now owns 3,875 shares of the electronics maker’s stock worth $100,000 after buying an additional 1,199 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of CTS by 152.1% in the third quarter. Advisors Asset Management Inc. now owns 5,742 shares of the electronics maker’s stock worth $197,000 after buying an additional 3,464 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CTS in the third quarter worth approximately $300,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of CTS in the fourth quarter worth approximately $248,000. 95.16% of the stock is owned by institutional investors and hedge funds.
CTS stock traded down $0.08 during midday trading on Wednesday, reaching $30.53. 45,258 shares of the stock traded hands, compared to its average volume of 148,516. CTS has a 12 month low of $24.07 and a 12 month high of $39.20. The firm has a market cap of $1.00 billion, a PE ratio of 19.95 and a beta of 1.32. The company has a current ratio of 2.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.13.
CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 5th. The electronics maker reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $120.10 million during the quarter, compared to analyst estimates of $117.00 million. CTS had a return on equity of 14.09% and a net margin of 9.89%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. As a group, equities research analysts forecast that CTS will post 1.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, March 14th. CTS’s payout ratio is 10.46%.
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.
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