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

CTS Corporation (NYSE:CTS) reached a new 52-week high on Tuesday . The stock traded as high as $67.82 and last traded at $67.4570, with a volume of 33457 shares. The stock had previously closed at $65.21.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CTS shares. Zacks Research raised shares of CTS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

CTS Trading Up 0.8%

The company has a market cap of $1.88 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. The company’s fifty day moving average price is $57.35 and its two-hundred day moving average price is $51.30. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11.

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

CTS Announces Dividend

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

Hedge Funds Weigh In On CTS

Several large investors have recently made changes to their positions in CTS. Royal Bank of Canada lifted its stake 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 valued at $292,000 after acquiring an additional 710 shares during the period. Amundi lifted its stake in shares of CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after acquiring an additional 1,019 shares during the period. AQR Capital Management LLC lifted its stake 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 valued at $398,000 after acquiring an additional 1,558 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CTS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after acquiring an additional 785 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CTS by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock valued at $2,921,000 after acquiring an additional 7,144 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.