CTS (NYSE:CTS) Reaches New 12-Month High – Still a Buy?

CTS Corporation (NYSE:CTS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $65.99 and last traded at $65.1850, with a volume of 261178 shares traded. The stock had previously closed at $65.25.

Analyst Ratings Changes

CTS has been the subject of several research analyst reports. Wall Street Zen raised CTS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a research report on Tuesday. Finally, Zacks Research upgraded 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 given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

CTS Stock Down 0.9%

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 stock has a market cap of $1.84 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01. The business has a fifty day moving average of $55.33 and a 200-day moving average of $50.24.

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

CTS Announces Dividend

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

Hedge Funds Weigh In On CTS

A number of large investors have recently made changes to their positions in the business. Seizert Capital Partners LLC acquired a new position in shares of CTS in the 4th quarter valued at $2,202,000. Tudor Investment Corp ET AL boosted its stake in shares of CTS by 103.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after acquiring an additional 43,341 shares in the last quarter. Jane Street Group LLC lifted 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 valued at $2,480,000 after buying an additional 9,530 shares in the last quarter. Entropy Technologies LP purchased a new position in CTS in the 3rd quarter valued at about $341,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $2,921,000 after buying an additional 7,144 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

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.