CTS (NYSE:CTS) Hits New 52-Week High – Here’s What Happened

CTS Corporation (NYSE:CTS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $68.59 and last traded at $67.1750, with a volume of 441143 shares trading hands. The stock had previously closed at $66.13.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Zacks Research upgraded CTS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

CTS Price Performance

The business’s 50 day moving average price is $58.84 and its 200-day moving average price is $52.00. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.89 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04.

CTS (NYSE:CTS) last announced its earnings results 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. The business had revenue of $139.23 million during 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. As a group, analysts forecast that CTS Corporation will post 2.43 earnings per share for the current year.

CTS Announces Dividend

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

Institutional Trading of CTS

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in CTS by 308.5% during the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 1,058 shares in the last quarter. Royal Bank of Canada raised its position in shares of CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 710 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of CTS during the 1st quarter valued at approximately $387,000. Captrust Financial Advisors boosted its stake in shares of CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after buying an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC grew its position 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 in the last quarter. 96.87% of the stock is owned by hedge funds and other 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.