CTS Corporation (NYSE:CTS - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $57.60 and traded as high as $58.57. CTS shares last traded at $57.9550, with a volume of 267,914 shares changing hands.
Analysts Set New Price Targets
Several research firms recently commented on CTS. Barrington Research assumed coverage on CTS in a research report on Thursday, September 10th. They set an "outperform" rating and a $80.00 price objective on the stock. Weiss Ratings raised CTS from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Lake Street Capital initiated coverage on CTS in a report on Wednesday, September 2nd. They issued a "buy" rating and a $67.00 price target on the stock. Finally, Wall Street Zen raised shares of CTS from a "hold" rating to a "buy" rating in a research note on Sunday, September 27th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.50.
Check Out Our Latest Stock Report on CTS
CTS Stock Up 1.9%
The business's fifty day moving average price is $57.97 and its 200 day moving average price is $57.60. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.40 and a beta of 0.94. The company has a current ratio of 2.59, a quick ratio of 2.10 and a debt-to-equity ratio of 0.09.
CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.12. CTS had a net margin of 12.94% and a return on equity of 14.05%. The company had revenue of $149.58 million during the quarter, compared to the consensus estimate of $145.95 million. On average, equities analysts expect that CTS Corporation will post 2.80 EPS for the current year.
CTS Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 22nd. Stockholders of record on Thursday, December 24th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, December 24th. CTS's dividend payout ratio is 6.32%.
Institutional Trading of CTS
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Diversified Trust Co grew its stake in CTS by 4.4% in the 3rd quarter. Diversified Trust Co now owns 14,941 shares of the electronics maker's stock worth $877,000 after acquiring an additional 623 shares during the period. Aberdeen Group plc purchased a new position in CTS during the 3rd quarter valued at about $2,319,000. Maryland State Retirement & Pension System increased its holdings in CTS by 55.1% in the third quarter. Maryland State Retirement & Pension System now owns 6,454 shares of the electronics maker's stock worth $379,000 after buying an additional 2,292 shares during the last quarter. Leuthold Group LLC raised its position in shares of CTS by 12.6% in the third quarter. Leuthold Group LLC now owns 47,573 shares of the electronics maker's stock valued at $2,792,000 after purchasing an additional 5,341 shares during the period. Finally, BOKF NA bought a new position in shares of CTS during the 3rd quarter worth about $738,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.
CTS Company Profile
(
Get Free Report)
CTS Corporation NYSE: CTS is a designer and manufacturer of sensors, actuators, and electronic components for original equipment manufacturers and industrial customers. The company develops custom-engineered solutions that help measure, control, and manage electrical and mechanical functions in a range of products and systems.
Its offerings include position, pressure, temperature, and motion sensors; piezoelectric and electronic components; switches, controls, and actuators; and other sensing and mechatronic products.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CTS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CTS wasn't on the list.
While CTS currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
