Old West Investment Management LLC Purchases New Shares in CTS Corporation $CTS

Key Points

• Old West Investment Management purchased 33,814 CTS shares valued at approximately $2.2 million, giving it a 0.12% stake. Institutional investors collectively own 96.87% of the company.
• CTS reported quarterly EPS of $0.74, exceeding the $0.61 analyst consensus, while revenue of $144.78 million also surpassed estimates.
• CTS shares opened at $63.54, and the company declared a quarterly dividend of $0.04 per share, equivalent to a 0.3% annualized yield. Analysts currently hold a “Moderate Buy” consensus rating.

Old West Investment Management LLC purchased a new position in CTS Corporation (NYSE:CTS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 33,814 shares of the electronics maker's stock, valued at approximately $2,204,000. Old West Investment Management LLC owned approximately 0.12% of CTS at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CTS. Seizert Capital Partners LLC acquired a new stake in shares of CTS during the fourth quarter valued at approximately $2,202,000. 1ST Source Bank purchased a new position in CTS during the 2nd quarter worth approximately $1,185,000. State of Wyoming purchased a new position in CTS during the 2nd quarter worth approximately $900,000. Entropy Technologies LP acquired a new stake in CTS during the 1st quarter valued at $387,000. Finally, Horizon Investments LLC lifted its holdings in shares of CTS by 4.7% in the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker's stock valued at $604,000 after purchasing an additional 631 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

CTS Stock Up 0.1%

CTS stock opened at $63.54 on Monday. CTS Corporation has a twelve month low of $36.03 and a twelve month high of $69.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.07 and a current ratio of 2.61. The firm has a market cap of $1.81 billion, a PE ratio of 26.70, a P/E/G ratio of 1.46 and a beta of 1.05. The firm's 50 day moving average price is $63.40 and its two-hundred day moving average price is $57.69.

CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.13. CTS had a net margin of 12.37% and a return on equity of 13.48%. The company had revenue of $144.78 million during the quarter, compared to analyst estimates of $143.43 million. During the same quarter last year, the business posted $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, research analysts predict that CTS Corporation will post 2.72 EPS for the current fiscal year.

CTS Dividend Announcement

The company 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%.

Wall Street Analysts Forecast Growth

CTS has been the topic of a number of research analyst reports. Wall Street Zen downgraded CTS from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised CTS from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 29th. Finally, Zacks Research lowered CTS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

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.

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