CTS (NYSE:CTS) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

CTS Corporation (NYSE:CTS) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $59.16 and traded as high as $62.96. CTS shares last traded at $61.7680, with a volume of 267,954 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on CTS. Weiss Ratings lowered CTS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Lake Street Capital began coverage on shares of CTS in a research report on Wednesday, September 2nd. They set a “buy” rating and a $67.00 target price for the company. Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Barrington Research started coverage on shares of CTS in a research report on Thursday, September 10th. They issued an “outperform” rating and a $80.00 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.50.

CTS Price Performance

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 business has a 50 day moving average price of $59.81 and a 200-day moving average price of $59.27. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.45 and a beta of 0.99.

CTS (NYSE:CTS) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping the consensus estimate of $0.61 by $0.13. The business had revenue of $144.78 million during the quarter, compared to analysts’ expectations of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same quarter last year, the firm posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts predict that CTS Corporation will post 2.66 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders 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 annualized dividend and a dividend yield of 0.3%. CTS’s dividend payout ratio (DPR) is 6.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CTS. BlackRock Inc. bought a new position in CTS during the second quarter worth $293,472,000. Bank of New York Mellon Corp acquired a new position in shares of CTS during the second quarter valued at about $14,716,000. Jupiter Topco LLC acquired a new position in shares of CTS during the second quarter valued at about $11,762,000. Bank of America Corp DE acquired a new position in shares of CTS during the second quarter valued at about $9,746,000. Finally, Heartland Advisors Inc. bought a new position in shares of CTS during the 2nd quarter worth about $7,034,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Company Profile

CTS Corporation (NYSE: CTS) is a designer and manufacturer of sensors, actuators and electronic components used by original equipment manufacturers and industrial customers. Its products help detect, measure, control and transmit electronic signals in a range of applications.

The company’s product portfolio includes pressure, temperature and position sensors; piezoelectric and electronic actuators; switches; embedded controls; and other specialized electronic components. CTS serves customers in the transportation, aerospace and defense, medical, industrial and communications markets, with products incorporated into vehicles, medical equipment, industrial systems and other electronic devices.

CTS traces its origins to 1896 and has developed from a supplier of electronic components into a global manufacturing and engineering company.