CTS (NYSE:CTS) Sets New 12-Month High – Here’s What Happened

CTS Corporation (NYSE:CTS) hit a new 52-week high on Thursday . The company traded as high as $69.06 and last traded at $68.67, with a volume of 43405 shares changing hands. The stock had previously closed at $67.01.

Analysts Set New Price Targets

Several brokerages have issued reports on CTS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Zacks Research upgraded shares of CTS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CTS presently has an average rating of “Buy”.

CTS Stock Performance

The stock has a market cap of $1.85 billion, a PE ratio of 27.59, a P/E/G ratio of 1.72 and a beta of 1.04. The company has a fifty day moving average price of $61.69 and a 200 day moving average price of $53.54. 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 earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. The company had revenue of $139.23 million during the quarter, compared to analyst estimates of $136.83 million. CTS had a return on equity of 12.90% and a net margin of 12.46%.CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect that CTS Corporation will post 2.43 earnings per share for the current year.

CTS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be issued 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 (DPR) is 6.84%.

Hedge Funds Weigh In On CTS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake 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 acquiring an additional 1,058 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of CTS in the first quarter worth about $387,000. State of Tennessee Department of Treasury increased its holdings in CTS by 21.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock valued at $1,125,000 after purchasing an additional 4,658 shares during the period. Seizert Capital Partners LLC purchased a new position in CTS during the 4th quarter valued at about $2,202,000. Finally, Horizon Investments LLC raised its position 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. 96.87% of the stock is owned by 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.