CTS (NYSE:CTS) Trading Down 7% – Here’s Why

CTS Corporation (NYSE:CTS) was down 7% during trading on Friday . The company traded as low as $62.21 and last traded at $62.14. Approximately 147,471 shares were traded during trading, a decline of 39% from the average daily volume of 243,009 shares. The stock had previously closed at $66.82.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CTS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Zacks Research raised CTS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CTS currently has an average rating of “Buy”.

CTS Trading Down 3.4%

The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The business has a 50 day simple moving average of $61.69 and a 200-day simple moving average of $53.54.

CTS (NYSE:CTS) last posted its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. CTS had a net margin of 12.46% and a return on equity of 12.90%. The company had revenue of $139.23 million during the quarter, compared to the consensus estimate of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, equities analysts predict that CTS Corporation will post 2.43 earnings per share for the current year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. CTS’s dividend payout ratio (DPR) is currently 6.84%.

Institutional Trading of CTS

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in shares of CTS by 308.5% during the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after buying an additional 1,058 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of CTS in the 1st quarter valued at about $387,000. State of Tennessee Department of Treasury grew its holdings in shares of CTS by 21.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock worth $1,125,000 after purchasing an additional 4,658 shares during the period. Seizert Capital Partners LLC acquired a new stake in CTS during the 4th quarter worth approximately $2,202,000. Finally, Horizon Investments LLC raised its holdings in 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 buying an additional 631 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.