State of Wyoming Buys New Holdings in CTS Corporation $CTS

State of Wyoming purchased a new position in CTS Corporation (NYSE:CTS) in the second quarter, Holdings Channel reports. The fund purchased 13,801 shares of the electronics maker’s stock, valued at approximately $900,000.

A number of other large investors also recently modified their holdings of CTS. Seizert Capital Partners LLC acquired a new stake in shares of CTS in the 4th quarter valued at $2,202,000. Jane Street Group LLC increased its holdings in CTS by 19.0% in the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after buying an additional 9,530 shares during the last quarter. Entropy Technologies LP acquired a new stake in CTS in the third quarter valued at $341,000. GSA Capital Partners LLP purchased a new stake in CTS during the 2nd quarter worth about $496,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CTS by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after acquiring an additional 7,144 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTS has been the topic of a number of recent 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 report on Wednesday, July 29th. Finally, Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

CTS Price Performance

Shares of NYSE:CTS opened at $63.54 on Friday. CTS Corporation has a 12 month low of $36.03 and a 12 month high of $69.55. The firm has a market capitalization of $1.81 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.61 and a quick ratio of 2.07. The company’s fifty day moving average price is $63.40 and its 200 day moving average price is $57.64.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.13. The company had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. CTS had a net margin of 12.37% and a return on equity of 13.48%. During the same quarter in the prior year, the firm posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, sell-side analysts predict that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

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.