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

CTS Corporation (NYSE:CTS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $45.76 and traded as high as $48.93. CTS shares last traded at $48.4710, with a volume of 91,772 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of CTS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

CTS Stock Performance

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’s 50 day moving average is $51.12 and its 200-day moving average is $45.76. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.25 and a beta of 0.93.

CTS (NYSE:CTS) last posted 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. CTS had a net margin of 12.07% and a return on equity of 12.14%. The firm had revenue of $137.27 million during the quarter, compared to analysts’ expectations of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Analysts forecast that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

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

Hedge Funds Weigh In On CTS

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in CTS by 357.2% during 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 during the period. Tudor Investment Corp ET AL raised its position in CTS by 103.4% during the third quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after acquiring an additional 43,341 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CTS by 11.3% during 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 worth $2,921,000 after acquiring an additional 7,144 shares during the period. Jane Street Group LLC raised its position in 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 acquiring an additional 9,530 shares during the period. Finally, Lazard Asset Management LLC raised its position in 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 acquiring an additional 1,299 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

About CTS

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.