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

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

Wall Street Analysts Forecast Growth

CTS has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Zacks Research upgraded CTS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

CTS Stock Performance

The stock has a 50 day moving average of $61.49 and a 200 day moving average of $53.46. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11.

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

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, June 26th. CTS’s dividend payout ratio (DPR) is currently 6.84%.

Institutional Trading of CTS

A number of institutional investors have recently bought and sold shares of CTS. Tudor Investment Corp ET AL boosted its position in shares of CTS by 103.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock valued at $3,406,000 after purchasing an additional 43,341 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in CTS in the fourth quarter worth $2,202,000. Horizon Investments LLC grew 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 worth $604,000 after purchasing an additional 631 shares during the period. Entropy Technologies LP bought a new stake in CTS in the third quarter valued at $341,000. Finally, Captrust Financial Advisors increased its stake in CTS by 12.1% in the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 876 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

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.