CTS (NYSE:CTS) Reaches New 12-Month High – Here’s Why

CTS Corporation (NYSE:CTS) shares hit a new 52-week high during 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CTS shares. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded CTS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

CTS Trading Up 4.1%

The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $53.53 and a 200-day simple moving average of $49.45. The company has a market capitalization of $1.78 billion, a PE ratio of 26.64, a PEG ratio of 1.60 and a beta of 1.01.

CTS (NYSE:CTS) last issued its earnings results 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 company had revenue of $139.23 million during the quarter, compared to analysts’ expectations 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 predict that CTS Corporation will post 2.43 EPS for the current year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, June 26th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. CTS’s dividend payout ratio is currently 6.84%.

Hedge Funds Weigh In On CTS

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Horizon Investments LLC boosted its holdings 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 acquiring an additional 631 shares during the period. Royal Bank of Canada raised its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CTS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after purchasing an additional 785 shares in the last quarter. Captrust Financial Advisors raised its position in CTS by 12.1% in the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 876 shares in the last quarter. Finally, Amundi raised its position in shares of CTS by 9.7% during the 1st quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after acquiring an additional 1,019 shares in the last quarter. 96.87% of the stock is currently 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.