CTS Corporation (NYSE:CTS) Sees Large Growth in Short Interest

CTS Corporation (NYSE:CTS) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 541,775 shares, an increase of 23.7% from the February 26th total of 438,101 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 263,682 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On CTS

Institutional investors have recently made changes to their positions in the company. State of Tennessee Department of Treasury raised its holdings in CTS by 21.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock worth $1,125,000 after acquiring an additional 4,658 shares during the last quarter. Seizert Capital Partners LLC bought a new position in CTS in the 4th quarter valued at approximately $2,202,000. Horizon Investments LLC boosted its stake in CTS by 4.7% during the 4th quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock valued at $604,000 after purchasing an additional 631 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in CTS by 103.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock valued at $3,406,000 after purchasing an additional 43,341 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of CTS in the 3rd quarter worth $341,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

CTS has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

CTS Stock Down 2.3%

CTS stock traded down $1.09 on Monday, reaching $46.75. 137,167 shares of the company traded hands, compared to its average volume of 202,008. The firm has a fifty day simple moving average of $51.26 and a 200-day simple moving average of $45.53. The company has a market cap of $1.34 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. CTS has a one year low of $34.02 and a one year high of $59.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 1.82.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. CTS had a return on equity of 12.14% and a net margin of 12.07%.The business had revenue of $137.27 million for the quarter, compared to the consensus estimate of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Research analysts anticipate that CTS will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, March 27th. CTS’s dividend payout ratio is 7.31%.

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.