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

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

Wall Street Analysts Forecast Growth

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

CTS Stock Performance

The stock has a market cap of $1.86 billion, a P/E ratio of 27.86, a PEG ratio of 1.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.52 and a quick ratio of 1.98. The firm’s 50-day moving average price is $54.61 and its 200-day moving average price is $49.97.

CTS (NYSE:CTS) last released its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. The firm 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. Sell-side analysts expect that CTS Corporation will post 2.43 earnings per share for the current fiscal year.

CTS Dividend Announcement

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 given a dividend of $0.04 per share. The ex-dividend date is Friday, June 26th. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. CTS’s dividend payout ratio (DPR) is presently 6.84%.

Institutional Investors Weigh In On CTS

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after buying an additional 1,058 shares during the last quarter. Royal Bank of Canada raised its position 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 buying an additional 710 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of CTS during the third quarter valued at approximately $341,000. Captrust Financial Advisors increased its position in CTS by 12.1% in the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in CTS by 19.4% in the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after purchasing an additional 1,558 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

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.