Heartland Advisors Inc. Purchases New Shares in CTS Corporation $CTS

Key Points

• Heartland Advisors acquired 107,905 CTS shares during the second quarter, worth approximately $7.0 million and representing about 0.38% of the company. Institutional investors collectively own 96.87% of CTS.
• CTS exceeded quarterly expectations, reporting $0.74 in earnings per share versus the $0.61 consensus estimate, while revenue of $144.78 million also topped forecasts.
• Analyst sentiment remains cautiously positive, with CTS holding a consensus “Moderate Buy” rating. The company also declared a quarterly dividend of $0.04 per share, equivalent to a 0.3% annual yield.

Heartland Advisors Inc. acquired a new stake in shares of CTS Corporation (NYSE:CTS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 107,905 shares of the electronics maker's stock, valued at approximately $7,034,000. Heartland Advisors Inc. owned about 0.38% of CTS as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CTS. BlackRock Inc. bought a new stake in CTS in the second quarter worth about $293,472,000. Bank of New York Mellon Corp bought a new position in shares of CTS during the second quarter valued at approximately $14,716,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of CTS during the second quarter valued at approximately $4,931,000. Madison Asset Management LLC purchased a new stake in shares of CTS in the second quarter worth approximately $3,502,000. Finally, Seizert Capital Partners LLC purchased a new stake in shares of CTS in the fourth quarter worth approximately $2,202,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTS. Wall Street Zen downgraded CTS from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research cut shares of CTS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of CTS from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

CTS Stock Performance

Shares of CTS stock opened at $57.63 on Friday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.33 and a beta of 1.05. CTS Corporation has a 52-week low of $36.03 and a 52-week high of $69.55. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $62.73 and its 200 day moving average is $57.93.

CTS (NYSE:CTS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share 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 company had revenue of $144.78 million during the quarter, compared to analyst estimates of $143.43 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, sell-side analysts anticipate that CTS Corporation will post 2.72 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, September 25th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. CTS's dividend payout ratio (DPR) is presently 6.72%.

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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