CTS Corporation (NYSE:CTS – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.14 and traded as high as $67.99. CTS shares last traded at $66.3510, with a volume of 139,263 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wall Street Zen downgraded CTS from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Zacks Research lowered CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CTS has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on CTS
CTS Stock Performance
CTS (NYSE:CTS – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. CTS had a return on equity of 13.48% and a net margin of 12.37%.The firm had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. During the same period in the previous year, the firm posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, sell-side analysts predict that CTS Corporation will post 2.72 EPS for the current fiscal year.
CTS Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. CTS’s payout ratio is 6.72%.
Hedge Funds Weigh In On CTS
A number of institutional investors and hedge funds have recently made changes to their positions in CTS. Tudor Investment Corp ET AL raised its stake in 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 period. Seizert Capital Partners LLC bought a new position in shares of CTS during the fourth quarter worth $2,202,000. Entropy Technologies LP purchased a new position in CTS during the first quarter valued at $387,000. Parallel Advisors LLC grew its stake in CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of CTS by 4.7% in the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock worth $604,000 after purchasing an additional 631 shares during the last quarter. Hedge funds and other 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.
Featured Stories
- Five stocks we like better than CTS
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
