Sidoti Csr Forecasts Stronger Earnings for M-tron Industries

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) – Sidoti Csr boosted their FY2024 earnings estimates for shares of M-tron Industries in a research report issued on Friday, November 15th. Sidoti Csr analyst A. Soderstrom now expects that the company will post earnings per share of $2.47 for the year, up from their previous forecast of $2.26. The consensus estimate for M-tron Industries’ current full-year earnings is $2.47 per share. Sidoti Csr also issued estimates for M-tron Industries’ Q4 2024 earnings at $0.50 EPS, Q1 2026 earnings at $0.60 EPS, Q2 2026 earnings at $0.60 EPS, Q3 2026 earnings at $0.61 EPS and FY2026 earnings at $2.43 EPS.

M-tron Industries Stock Down 5.7 %

NYSEAMERICAN:MPTI opened at $56.40 on Monday. The company has a market capitalization of $161.87 million, a price-to-earnings ratio of 28.20, a P/E/G ratio of 0.89 and a beta of 0.60. M-tron Industries has a 12 month low of $23.00 and a 12 month high of $62.50.

Insider Transactions at M-tron Industries

In other news, Director Ivan Arteaga sold 1,600 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $50.66, for a total value of $81,056.00. Following the completion of the sale, the director now directly owns 364 shares of the company’s stock, valued at $18,440.24. This represents a 81.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On M-tron Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in M-tron Industries in the 3rd quarter worth approximately $114,000. Truvestments Capital LLC bought a new position in shares of M-tron Industries in the 1st quarter valued at about $165,000. CreativeOne Wealth LLC purchased a new position in M-tron Industries in the first quarter worth about $210,000. O Shaughnessy Asset Management LLC increased its stake in M-tron Industries by 4.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock worth $254,000 after acquiring an additional 357 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in M-tron Industries during the first quarter valued at approximately $361,000. 23.31% of the stock is owned by hedge funds and other institutional investors.

About M-tron Industries

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.