CTS Corporation (NYSE:CTS) Sees Significant Increase in Short Interest

CTS Corporation (NYSE:CTSGet Free Report) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 591,426 shares, an increase of 52.9% from the January 15th total of 386,704 shares. Based on an average daily trading volume, of 195,659 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.1% of the company’s shares are short sold. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 195,659 shares, the days-to-cover ratio is currently 3.0 days.

CTS Stock Up 1.1%

NYSE:CTS traded up $0.63 on Friday, hitting $57.55. 144,980 shares of the company’s stock traded hands, compared to its average volume of 195,158. The company has a market cap of $1.67 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.89. CTS has a 1 year low of $34.02 and a 1 year 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. The firm has a 50-day moving average price of $48.01 and a 200-day moving average price of $43.59.

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

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, March 27th. CTS’s dividend payout ratio is presently 7.31%.

CTS declared that its board has approved a share repurchase program on Friday, November 7th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 8.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CTS. Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 710 shares during the last quarter. SG Americas Securities LLC raised its holdings in CTS by 90.9% during the second 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 in the last quarter. Entropy Technologies LP bought a new position in CTS during the third quarter valued at about $341,000. Captrust Financial Advisors lifted its position in shares of CTS by 12.1% in the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after buying an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

More CTS News

Here are the key news stories impacting CTS this week:

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Check Out Our Latest Report on CTS

CTS Company Profile

(Get Free Report)

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.

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