CTS (NYSE:CTS) Share Price Crosses Above 200 Day Moving Average - Here's Why

CTS Corporation (NYSE:CTS - Get Free Report)'s stock price passed 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of CTS from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Wall Street Zen lowered CTS from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Zacks Research cut shares of CTS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, CTS has a consensus rating of "Moderate Buy".

CTS Trading Up 0.1%

The stock has a market capitalization 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 current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $63.57 and a two-hundred day moving average price of $57.14.

CTS (NYSE:CTS - Get Free Report) last posted 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. The company had revenue of $144.78 million during the quarter, compared to analysts' expectations of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same quarter in the previous year, the firm earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, analysts expect that CTS Corporation will post 2.72 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, June 26th. CTS's dividend payout ratio is 6.72%.

Institutional Trading of CTS

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of CTS during the 2nd quarter valued at about $293,472,000. Bank of New York Mellon Corp purchased a new position in shares of CTS during the 2nd quarter valued at about $14,716,000. Seizert Capital Partners LLC bought a new stake in CTS in the 4th quarter worth approximately $2,202,000. Tudor Investment Corp ET AL lifted its position in CTS by 103.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker's stock worth $3,406,000 after buying an additional 43,341 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in CTS in the second quarter worth approximately $2,374,000. 96.87% of the stock is currently 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.

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