CTS (NYSE:CTS) Hits New 1-Year High – Still a Buy?

CTS Corporation (NYSE:CTS) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.59 and last traded at $67.1750, with a volume of 441143 shares trading hands. The stock had previously closed at $66.13.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CTS shares. Wall Street Zen raised shares of 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 note on Tuesday, May 26th. Finally, Zacks Research raised 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

CTS Trading Up 0.1%

The firm has a market cap of $1.89 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.70 and a beta of 1.04. The business’s 50-day moving average is $58.84 and its two-hundred day moving average is $52.00. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11.

CTS (NYSE:CTS) last issued its earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The firm had revenue of $139.23 million for the quarter, compared to analysts’ expectations 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. As a group, analysts expect that CTS Corporation will post 2.43 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be given 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 payout ratio is currently 6.84%.

Institutional Investors Weigh In On CTS

Large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL lifted its stake in CTS by 103.4% in 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 buying an additional 43,341 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CTS by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after acquiring an additional 7,144 shares during the last quarter. Jane Street Group LLC grew its position in shares of CTS by 19.0% during the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after acquiring an additional 9,530 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of CTS in the 4th quarter worth about $2,202,000. Finally, Lazard Asset Management LLC lifted its position in CTS by 4.3% in the 2nd quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock valued at $1,349,000 after purchasing an additional 1,299 shares during 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.