Thrivent Financial For Lutherans Has $933,000 Stake in CTS Corporation (NYSE:CTS)
Thrivent Financial For Lutherans raised its position in CTS Corporation (NYSE:CTS) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,810 shares of the electronics maker’s stock after buying an additional 730 shares during the period. Thrivent Financial For Lutherans owned approximately 0.13% of CTS Corporation worth $933,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in CTS Corporation during the first quarter worth $123,000. Bank of Montreal Can boosted its position in shares of CTS Corporation by 21.8% in the first quarter. Bank of Montreal Can now owns 6,304 shares of the electronics maker’s stock worth $134,000 after buying an additional 1,130 shares during the period. SG Americas Securities LLC boosted its position in shares of CTS Corporation by 7.5% in the first quarter. SG Americas Securities LLC now owns 6,463 shares of the electronics maker’s stock worth $138,000 after buying an additional 449 shares during the period. LS Investment Advisors LLC boosted its position in shares of CTS Corporation by 554.7% in the first quarter. LS Investment Advisors LLC now owns 7,477 shares of the electronics maker’s stock worth $159,000 after buying an additional 6,335 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of CTS Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,661 shares of the electronics maker’s stock worth $163,000 after buying an additional 502 shares during the period. Institutional investors and hedge funds own 92.18% of the company’s stock.
CTS Corporation (NYSE CTS) traded up 0.22% during midday trading on Friday, reaching $22.30. The company’s stock had a trading volume of 58,057 shares. The company has a 50 day moving average of $21.84 and a 200-day moving average of $21.65. CTS Corporation has a 1-year low of $16.35 and a 1-year high of $24.80. The company has a market capitalization of $734.41 million, a P/E ratio of 24.48 and a beta of 1.23.
CTS Corporation (NYSE:CTS) last posted its quarterly earnings data on Thursday, July 27th. The electronics maker reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. CTS Corporation had a net margin of 7.49% and a return on equity of 11.54%. The firm had revenue of $105.70 million during the quarter, compared to analysts’ expectations of $103.31 million. During the same quarter in the previous year, the company posted $0.26 EPS. CTS Corporation’s revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that CTS Corporation will post $1.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 23rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, June 21st. CTS Corporation’s dividend payout ratio (DPR) is presently 17.58%.
A number of brokerages recently commented on CTS. BidaskClub cut CTS Corporation from a “hold” rating to a “sell” rating in a report on Monday. HSBC Holdings plc cut CTS Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.50.
About CTS Corporation
CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.
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