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

CTS Corporation (NYSE:CTS)’s stock price dropped 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 mid-day trading, a decline of 39% from the average daily volume of 243,009 shares. The stock had previously closed at $66.82.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CTS. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Zacks Research upgraded shares of CTS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CTS presently has an average rating of “Buy”.

CTS Stock Performance

The firm has a market cap of $1.77 billion, a P/E ratio of 26.34, a PEG ratio of 1.72 and a beta of 1.04. 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 company’s 50-day moving average is $61.49 and its two-hundred day moving average is $53.46.

CTS (NYSE:CTS) last issued its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.90% and a net margin of 12.46%.CTS has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities analysts predict that CTS Corporation will post 2.43 EPS for the current fiscal year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, June 26th. This represents a $0.16 annualized dividend and a yield of 0.3%. CTS’s dividend payout ratio is 6.84%.

Hedge Funds Weigh In On CTS

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

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.