CTS (NYSE:CTS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

CTS Corporation (NYSE:CTS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.35 and traded as high as $50.19. CTS shares last traded at $49.9970, with a volume of 231,388 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. Wall Street Zen raised CTS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, CTS presently has an average rating of “Hold”.

CTS Stock Up 2.8%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 2.30. The firm has a market capitalization of $1.43 billion, a PE ratio of 22.83, a P/E/G ratio of 1.26 and a beta of 0.88. The business’s 50 day moving average price is $51.22 and its 200-day moving average price is $45.35.

CTS (NYSE:CTS) last posted its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $137.27 million during the quarter, compared to the consensus estimate of $135.86 million. CTS had a net margin of 12.07% and a return on equity of 12.14%. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. As a group, equities research analysts forecast that CTS Corporation will post 2.28 earnings per share for the current year.

CTS Announces Dividend

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

Hedge Funds Weigh In On CTS

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of CTS by 357.2% in the third 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 in the last quarter. Rhumbline Advisers raised its stake 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 acquiring an additional 2,577 shares in the last quarter. Horizon Investments LLC boosted its holdings in CTS by 14.0% in the third quarter. Horizon Investments LLC now owns 13,453 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 1,653 shares during the period. Entropy Technologies LP acquired a new position in CTS during the 3rd quarter worth $341,000. Finally, Captrust Financial Advisors increased its holdings in CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

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.