CTS (NYSE:CTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CTS (NYSE:CTS) from a buy rating to a strong-buy rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

CTS Price Performance

NYSE:CTS opened at $51.98 on Friday. The company has a market cap of $1.51 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.39 and a beta of 0.89. The firm’s fifty day moving average price is $49.24 and its two-hundred day moving average price is $44.26. CTS has a one year low of $34.02 and a one year high of $59.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 1.82.

CTS (NYSE:CTS) last announced its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $137.27 million during the quarter, compared to the consensus estimate of $135.86 million. CTS had a net margin of 12.07% and a return on equity of 12.14%. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Equities analysts expect that CTS will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. CTS’s dividend payout ratio is 7.31%.

CTS declared that its Board of Directors has approved a share buyback plan on Friday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the electronics maker to purchase up to 8.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On CTS

Hedge funds have recently added to or reduced their stakes in the business. State of Tennessee Department of Treasury lifted its holdings in shares of CTS by 21.6% during the fourth 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 bought a new stake in shares of CTS in the 4th quarter valued at $2,202,000. Horizon Investments LLC increased its position in shares of CTS by 4.7% during the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock worth $604,000 after buying an additional 631 shares during the period. Tudor Investment Corp ET AL raised its stake in CTS by 103.4% during the third quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after buying an additional 43,341 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in CTS during the third quarter worth $341,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.