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

CTS Corporation (NYSE:CTS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.82 and last traded at $67.4570, with a volume of 33457 shares changing hands. The stock had previously closed at $65.21.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CTS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Wall Street Zen raised shares of CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, Zacks Research raised 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

CTS Trading Down 2.0%

The business’s 50 day moving average is $58.09 and its two-hundred day moving average is $51.64. 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 firm has a market capitalization of $1.86 billion, a P/E ratio of 27.77, a PEG ratio of 1.70 and a beta of 1.04.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. CTS had a net margin of 12.46% and a return on equity of 12.90%. The firm had revenue of $139.23 million for the quarter, compared to analysts’ expectations of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Analysts expect 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. Shareholders of record on Friday, June 26th will be given a $0.04 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.16 annualized dividend and a yield of 0.2%. CTS’s payout ratio is 6.84%.

Hedge Funds Weigh In On CTS

A number of institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its stake in CTS by 103.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after purchasing an additional 43,341 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CTS by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares in the last quarter. Jane Street Group LLC increased its stake in CTS by 19.0% in the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after purchasing an additional 9,530 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in CTS in the 4th quarter worth about $2,202,000. Finally, Lazard Asset Management LLC increased its stake in CTS by 4.3% in the 2nd quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock worth $1,349,000 after purchasing an additional 1,299 shares in the last quarter. Hedge funds and other 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.