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

CTS Corporation (NYSE:CTS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.99 and last traded at $59.0070, with a volume of 7244 shares trading hands. The stock had previously closed at $58.07.

Wall Street Analyst Weigh In

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

CTS Stock Up 3.3%

The firm has a market cap of $1.77 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.01. The stock’s 50 day simple moving average is $51.54 and its 200 day simple moving average is $48.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52.

CTS (NYSE:CTS) last released its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. The firm had revenue of $139.23 million for the quarter, compared to analyst estimates of $136.83 million. CTS had a net margin of 12.46% and a return on equity of 12.90%. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Research analysts anticipate that CTS Corporation will post 2.43 EPS for the current year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, March 27th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. CTS’s payout ratio is 6.84%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of CTS by 308.5% during the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after buying an additional 1,058 shares during the last quarter. 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 buying an additional 710 shares during the last quarter. Entropy Technologies LP bought a new position in CTS during the 3rd quarter valued at $341,000. Captrust Financial Advisors boosted its holdings in CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after acquiring an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in CTS by 19.4% during the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after acquiring an additional 1,558 shares during the last quarter. Institutional investors 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.