CTS (NYSE:CTS) Reaches New 1-Year High – What’s Next?

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research raised shares of CTS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CTS presently has a consensus rating of “Buy”.

CTS Trading Down 2.5%

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 company’s fifty day moving average is $59.54 and its 200-day moving average is $52.32. The stock has a market cap of $1.86 billion, a PE ratio of 27.75, a PEG ratio of 1.71 and a beta of 1.04.

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, 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 during the quarter, compared to analysts’ expectations of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, analysts predict that CTS Corporation will post 2.43 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, June 26th. CTS’s dividend payout ratio (DPR) is 6.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL increased its holdings in CTS by 103.4% in the third quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock valued at $3,406,000 after buying an additional 43,341 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CTS by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock valued at $2,921,000 after buying an additional 7,144 shares in the last quarter. Jane Street Group LLC increased its holdings in CTS by 19.0% in the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after buying an additional 9,530 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in CTS in the fourth quarter valued at $2,202,000. Finally, Lazard Asset Management LLC increased its holdings in CTS by 4.3% in the second quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock valued at $1,349,000 after buying 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.