CTS Corporation (CTS) Sets New 52-Week High at $27.60

CTS Corporation (NYSE:CTS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.60 and last traded at $26.60, with a volume of 59100 shares. The stock had previously closed at $26.75.

Separately, BidaskClub raised CTS Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.50.

The company has a quick ratio of 1.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $876.13, a PE ratio of 23.33 and a beta of 1.13.

CTS Corporation (NYSE:CTS) last issued its quarterly earnings data on Thursday, October 26th. The electronics maker reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. CTS Corporation had a return on equity of 11.47% and a net margin of 8.79%. The firm had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.56 million. During the same period in the prior year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. analysts anticipate that CTS Corporation will post 1.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, December 29th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.58%. CTS Corporation’s dividend payout ratio is currently 14.68%.

Several hedge funds have recently made changes to their positions in CTS. Neuberger Berman Group LLC bought a new position in CTS Corporation in the third quarter valued at about $209,000. Cigna Investments Inc. New bought a new stake in CTS Corporation during the second quarter worth $227,000. OppenheimerFunds Inc. lifted its holdings in CTS Corporation by 35.1% during the first quarter. OppenheimerFunds Inc. now owns 13,811 shares of the electronics maker’s stock worth $294,000 after acquiring an additional 3,585 shares during the period. SG Americas Securities LLC bought a new stake in CTS Corporation during the third quarter worth $387,000. Finally, Teachers Advisors LLC lifted its holdings in CTS Corporation by 2.4% during the first quarter. Teachers Advisors LLC now owns 51,961 shares of the electronics maker’s stock worth $1,107,000 after acquiring an additional 1,207 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

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About CTS Corporation

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.

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