CTS Corporation (NYSE:CTS) Short Interest Update

CTS Corporation (NYSE:CTS) saw a large growth in short interest during 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. Based on an average daily volume of 499,116 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.9% of the shares of the company are sold short.

CTS Stock Performance

NYSE:CTS opened at $59.31 on Friday. The firm’s fifty day simple moving average is $62.97 and its 200-day simple moving average is $55.28. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.70 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. CTS has a fifty-two week low of $36.03 and a fifty-two week high of $69.55.

CTS (NYSE:CTS) last announced its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.52 by $0.10. The firm had revenue of $139.23 million during 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. Analysts expect that CTS will post 2.43 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis 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%.

Institutional Investors Weigh In On CTS

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 1,058 shares during the period. GAMMA Investing LLC raised its holdings in CTS by 29.6% during the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 239 shares during the last quarter. Royal Bank of Canada raised its holdings in CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after purchasing an additional 710 shares during the last quarter. Entropy Technologies LP purchased a new stake in CTS during the third quarter worth $341,000. Finally, Captrust Financial Advisors boosted its position in CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

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

CTS Company Profile

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.