FY2024 EPS Estimate for M-tron Industries Lifted by Analyst

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) – Analysts at Sidoti Csr upped their FY2024 earnings per share 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 earn $2.47 per share 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 Performance

Shares of NYSEAMERICAN:MPTI opened at $54.53 on Monday. M-tron Industries has a fifty-two week low of $23.00 and a fifty-two week high of $62.50. The company has a market capitalization of $156.50 million, a P/E ratio of 27.20, a PEG ratio of 0.89 and a beta of 0.60.

Hedge Funds Weigh In On M-tron Industries

A number of hedge funds have recently modified their holdings of MPTI. Avantax Advisory Services Inc. purchased a new position in M-tron Industries during the first quarter worth about $361,000. Vanguard Group Inc. grew its stake in M-tron Industries by 59.9% in the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after acquiring an additional 32,964 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in M-tron Industries by 4.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock valued at $254,000 after acquiring an additional 357 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of M-tron Industries in the first quarter valued at about $210,000. Finally, Truvestments Capital LLC acquired a new stake in shares of M-tron Industries in the first quarter valued at approximately $165,000. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ivan Arteaga sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $50.66, for a total transaction of $81,056.00. Following the completion of the sale, the director now owns 364 shares in the company, valued at approximately $18,440.24. The trade was a 81.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.40% of the company’s stock.

M-tron Industries Company Profile

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.