CTS Corporation (NYSE:CTS) Short Interest Update

CTS Corporation (NYSE:CTS) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 438,101 shares, a drop of 24.4% from the February 12th total of 579,500 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 236,604 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 236,604 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Trading of CTS

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after purchasing an additional 710 shares during the period. SG Americas Securities LLC increased its stake in CTS by 90.9% in the 2nd quarter. SG Americas Securities LLC now owns 6,905 shares of the electronics maker’s stock valued at $294,000 after buying an additional 3,287 shares during the period. Entropy Technologies LP acquired a new position in CTS in the 3rd quarter valued at approximately $341,000. Captrust Financial Advisors lifted 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 worth $346,000 after buying an additional 876 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after buying an additional 1,558 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTS. Wall Street Zen raised CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CTS has an average rating of “Hold”.

CTS Stock Down 1.8%

NYSE:CTS traded down $0.84 during trading hours on Friday, hitting $45.94. 263,155 shares of the stock traded hands, compared to its average volume of 232,404. The firm has a 50 day moving average price of $51.01 and a 200 day moving average price of $45.07. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.21 and a beta of 0.88. CTS has a fifty-two week low of $34.02 and a fifty-two week high of $59.66. The company has a current ratio of 2.30, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. CTS had a return on equity of 12.14% and a net margin of 12.07%.The business had revenue of $137.27 million during the quarter, compared to analysts’ expectations of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Equities research analysts anticipate that CTS will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. CTS’s dividend payout ratio (DPR) is presently 7.31%.

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.