CTS Corporation (NYSE:CTS) Short Interest Update

CTS Corporation (NYSE:CTS) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,098,310 shares, a growth of 77.0% from the June 15th total of 620,528 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily trading volume, of 499,116 shares, the short-interest ratio is presently 2.2 days.

CTS Trading Up 0.1%

CTS opened at $59.45 on Friday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.53 and a beta of 1.04. The stock has a fifty day moving average price of $63.01 and a 200-day moving average price of $55.25. CTS has a 12 month low of $36.03 and a 12 month high of $69.55. 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 released its quarterly earnings results 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. CTS had a net margin of 12.46% and a return on equity of 12.90%. The business had revenue of $139.23 million for the quarter, compared to analysts’ expectations of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities research analysts anticipate that CTS will post 2.43 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, June 26th. CTS’s dividend payout ratio (DPR) is presently 6.84%.

Hedge Funds Weigh In On CTS

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 1,058 shares in the last quarter. GAMMA Investing LLC lifted its position in CTS by 29.6% in the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after buying an additional 239 shares during the last quarter. Royal Bank of Canada lifted its holdings 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 worth $292,000 after acquiring an additional 710 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of CTS during the third quarter worth $341,000. Finally, Captrust Financial Advisors grew 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 valued at $346,000 after acquiring an additional 876 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTS. Zacks Research cut shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.