CTS Co. (NYSE:CTS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $35.92 and last traded at $35.65, with a volume of 2567 shares changing hands. The stock had previously closed at $35.40.
Separately, ValuEngine raised CTS from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th.
The company has a quick ratio of 2.00, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.17 billion, a P/E ratio of 29.39 and a beta of 1.18.
CTS (NYSE:CTS) last posted its quarterly earnings results on Thursday, April 26th. The electronics maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. CTS had a return on equity of 12.69% and a net margin of 4.01%. The firm had revenue of $113.50 million during the quarter, compared to analysts’ expectations of $105.06 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. research analysts predict that CTS Co. will post 1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 22nd will be issued a $0.04 dividend. The ex-dividend date is Thursday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. CTS’s dividend payout ratio is presently 13.01%.
Several large investors have recently bought and sold shares of CTS. Schwab Charles Investment Management Inc. increased its holdings in shares of CTS by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 160,295 shares of the electronics maker’s stock valued at $4,128,000 after purchasing an additional 8,061 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of CTS in the fourth quarter valued at approximately $280,000. California Public Employees Retirement System increased its holdings in shares of CTS by 9.6% in the fourth quarter. California Public Employees Retirement System now owns 65,621 shares of the electronics maker’s stock valued at $1,690,000 after purchasing an additional 5,768 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CTS by 14.1% in the fourth quarter. First Trust Advisors LP now owns 29,611 shares of the electronics maker’s stock valued at $762,000 after purchasing an additional 3,660 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of CTS by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 73,080 shares of the electronics maker’s stock valued at $1,882,000 after purchasing an additional 15,119 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.
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