CTS (NYSE:CTS) Reaches New 52-Week Low – Time to Sell?

CTS Co. (NYSE:CTS)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $41.23 and last traded at $41.37, with a volume of 873 shares. The stock had previously closed at $41.55.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

CTS Stock Performance

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 21.95 and a beta of 0.57. The company’s 50 day simple moving average is $45.33 and its 200 day simple moving average is $49.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, equities research analysts anticipate that CTS Co. will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.04 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.38%. CTS’s dividend payout ratio (DPR) is 8.42%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of CTS by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,602 shares of the electronics maker’s stock valued at $18,655,000 after purchasing an additional 9,674 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in CTS by 22.9% during the third quarter. BNP Paribas Financial Markets now owns 13,477 shares of the electronics maker’s stock worth $652,000 after buying an additional 2,514 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in CTS by 24.7% in the third quarter. Rockefeller Capital Management L.P. now owns 138,444 shares of the electronics maker’s stock worth $6,698,000 after buying an additional 27,455 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of CTS in the third quarter valued at $4,960,000. Finally, Barclays PLC lifted its position in shares of CTS by 256.1% during the 3rd quarter. Barclays PLC now owns 57,238 shares of the electronics maker’s stock valued at $2,769,000 after acquiring an additional 41,164 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Company Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.