CTS (NYSE:CTS) Sets New 12-Month High – What’s Next?
by Danessa Lincoln · The Markets DailyCTS Corporation (NYSE:CTS – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $67.82 and last traded at $67.4570, with a volume of 33457 shares. The stock had previously closed at $65.21.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded CTS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.
CTS Stock Performance
The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. The firm’s 50 day moving average is $57.35 and its 200-day moving average is $51.30. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04.
CTS (NYSE:CTS – Get Free Report) 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. CTS had a net margin of 12.46% and a return on equity of 12.90%. The business had revenue of $139.23 million during the quarter, compared to analyst estimates of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Sell-side analysts anticipate that CTS Corporation will post 2.43 earnings per share for the current fiscal year.
CTS Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. CTS’s payout ratio is currently 6.84%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its holdings in CTS by 103.4% during 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 purchasing an additional 43,341 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in CTS in the fourth quarter valued at $2,202,000. Horizon Investments LLC grew its position in CTS by 4.7% in the fourth 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. Entropy Technologies LP bought a new stake in CTS in the third quarter valued at $341,000. Finally, Captrust Financial Advisors grew 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 valued at $346,000 after acquiring an additional 876 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.
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.