CTS (NYSE:CTS) Reaches New 52-Week High – What’s Next?

CTS Corporation (NYSE:CTS) shares reached a new 52-week high on Thursday . The company traded as high as $69.06 and last traded at $68.67, with a volume of 43405 shares trading hands. The stock had previously closed at $67.01.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CTS shares. 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 research note 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

CTS Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.52 and a quick ratio of 1.98. The business’s 50-day moving average price is $61.26 and its two-hundred day moving average price is $53.30. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 1.69 and a beta of 1.04.

CTS (NYSE:CTS) last posted its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. The firm had revenue of $139.23 million for the quarter, compared to the consensus estimate 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. On average, research analysts forecast that CTS Corporation will post 2.43 EPS for the current fiscal year.

CTS Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.2%. The ex-dividend date is Friday, June 26th. CTS’s payout ratio is currently 6.84%.

Institutional Trading of CTS

A number of hedge funds and other institutional investors have recently made changes to their positions in CTS. Parallel Advisors LLC lifted its stake in shares of CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 1,058 shares during the period. Royal Bank of Canada raised its holdings in 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 in the last quarter. Entropy Technologies LP acquired a new stake in CTS in the first quarter worth approximately $387,000. Captrust Financial Advisors raised its stake in shares of CTS by 12.1% in the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after buying an additional 876 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after buying an additional 1,558 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

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.