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

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

Analyst Upgrades and Downgrades

CTS has been the subject of several research reports. Wall Street Zen upgraded shares of CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Zacks Research raised shares of CTS from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

CTS Price Performance

The company’s fifty day moving average price is $53.25 and its 200 day moving average price is $49.36. The company has a market capitalization of $1.76 billion, a P/E ratio of 26.32, a PEG ratio of 1.53 and a beta of 1.01. 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 announced its earnings results on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. The company had revenue of $139.23 million for the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts forecast that CTS Corporation will post 2.43 EPS for the current year.

CTS Dividend Announcement

The company 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 $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, June 26th. CTS’s dividend payout ratio (DPR) is 6.84%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in CTS by 308.5% in the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after acquiring an additional 1,058 shares during the last quarter. Royal Bank of Canada grew 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 worth $292,000 after buying an additional 710 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of CTS during the first quarter worth $387,000. Captrust Financial Advisors grew its stake 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 buying an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC grew 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 worth $398,000 after buying an additional 1,558 shares during the last quarter. 96.87% of the stock is 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.