CTS (NYSE:CTS) Sets New 12-Month High – What’s Next?

CTS Corporation (NYSE:CTS) reached a new 52-week high on Friday . The company traded as high as $62.13 and last traded at $61.7780, with a volume of 68876 shares. The stock had previously closed at $59.91.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CTS. Wall Street Zen raised shares of CTS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Zacks Research raised shares of CTS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CTS has a consensus rating of “Buy”.

CTS Trading Up 2.8%

The company has a market cap of $1.76 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The business’s fifty day moving average price is $53.25 and its 200 day moving average price is $49.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.52 and a quick ratio of 1.98.

CTS (NYSE:CTS) last issued its quarterly earnings results 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 company had revenue of $139.23 million for 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. Research analysts anticipate that CTS Corporation will post 2.43 earnings per share for the current fiscal year.

CTS Announces Dividend

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

Hedge Funds Weigh In On CTS

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings 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 purchasing an additional 1,058 shares during the period. Royal Bank of Canada lifted its holdings in shares of CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after purchasing an additional 710 shares during the period. Entropy Technologies LP acquired a new position in shares of CTS during the first quarter worth $387,000. Captrust Financial Advisors lifted its holdings in shares of 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 period. Finally, AQR Capital Management LLC lifted its holdings in shares of CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after purchasing an additional 1,558 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Company Profile

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.