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

Shares of CTS Corporation (NYSE:CTS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

CTS has been the subject of a number of recent research reports. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen cut CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. One equities 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, the stock has a consensus rating of “Moderate Buy”.

CTS Stock Up 0.1%

The company has a market cap of $1.89 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.61 and a quick ratio of 2.07. The company’s 50-day moving average is $63.57 and its two-hundred day moving average is $57.14.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.13. CTS had a return on equity of 13.48% and a net margin of 12.37%.The business had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. During the same period in the prior year, the firm posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities analysts predict that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. CTS’s dividend payout ratio (DPR) is 6.72%.

Institutional Investors Weigh In On CTS

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after acquiring an additional 710 shares during the period. Amundi grew its position in CTS by 9.7% in the 1st quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,019 shares during the period. AQR Capital Management LLC raised its stake in CTS by 19.4% during the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,558 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CTS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after buying an additional 785 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 worth $2,921,000 after acquiring an additional 7,144 shares during the period. 96.87% of the stock is currently owned by institutional investors.

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.