State of Wyoming Takes $900,000 Position in CTS Corporation $CTS

State of Wyoming acquired a new position in shares of CTS Corporation (NYSE:CTS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,801 shares of the electronics maker’s stock, valued at approximately $900,000.

Several other institutional investors have also recently added to or reduced their stakes in CTS. GSA Capital Partners LLP acquired a new stake in CTS in the 2nd quarter valued at approximately $496,000. Handelsbanken Fonder AB lifted its stake in CTS by 1.9% during the second quarter. Handelsbanken Fonder AB now owns 10,985 shares of the electronics maker’s stock worth $716,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in CTS by 29.6% during the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 239 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after buying an additional 1,058 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of CTS during the first quarter worth $387,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Stock Performance

NYSE:CTS opened at $63.54 on Friday. CTS Corporation has a 52 week low of $36.03 and a 52 week high of $69.55. The company has a fifty day simple moving average of $63.40 and a two-hundred day simple moving average of $57.64. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.13. The business had revenue of $144.78 million for 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 period last year, the firm earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities analysts anticipate that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTS shares. Wall Street Zen downgraded CTS from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.