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

CTS Corporation (NYSE:CTS) shares hit a new 52-week high on Thursday . The stock traded as high as $65.99 and last traded at $65.1850, with a volume of 261178 shares traded. The stock had previously closed at $65.25.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of CTS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

CTS Stock Performance

The company has a market capitalization of $1.86 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.68 and a beta of 1.01. The firm has a 50 day moving average price of $54.61 and a two-hundred day moving average price of $49.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52.

CTS (NYSE:CTS) last released its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. CTS had a return on equity of 12.90% and a net margin of 12.46%.The company had revenue of $139.23 million for the quarter, compared to analyst estimates of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, research analysts expect that CTS Corporation will post 2.43 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, June 26th. CTS’s dividend payout ratio is currently 6.84%.

Institutional Investors Weigh In On CTS

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in CTS by 308.5% during 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 last quarter. Royal Bank of Canada grew its position in CTS by 11.2% during the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after acquiring an additional 710 shares during the last quarter. Entropy Technologies LP bought a new stake in CTS during the 3rd quarter worth approximately $341,000. Captrust Financial Advisors grew its position in CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after acquiring an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in CTS by 19.4% during the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after acquiring an additional 1,558 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.