Sidoti Csr Analysts Boost Earnings Estimates for M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) – Stock analysts at Sidoti Csr upped their Q1 2024 earnings per share (EPS) estimates for M-tron Industries in a research note issued to investors on Wednesday, March 27th. Sidoti Csr analyst A. Soderstrom now anticipates that the company will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.48. The consensus estimate for M-tron Industries’ current full-year earnings is $1.95 per share. Sidoti Csr also issued estimates for M-tron Industries’ Q2 2024 earnings at $0.51 EPS, Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $2.01 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.22 EPS.

M-tron Industries Stock Performance

Shares of NYSEAMERICAN MPTI opened at $31.60 on Thursday. M-tron Industries has a 12-month low of $10.00 and a 12-month high of $45.60. The firm has a market capitalization of $88.48 million, a PE ratio of 23.39, a P/E/G ratio of 0.51 and a beta of 0.46.

Insider Buying and Selling at M-tron Industries

In other news, President William Arnold Drafts sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the transaction, the president now owns 14,718 shares in the company, valued at approximately $588,720. The sale was disclosed in a document filed with the SEC, which is available at this link. In other M-tron Industries news, Director Madonna Educational Founda Emg sold 27,368 shares of M-tron Industries stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $34.85, for a total transaction of $953,774.80. Following the transaction, the director now owns 69,141 shares of the company’s stock, valued at $2,409,563.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President William Arnold Drafts sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the sale, the president now directly owns 14,718 shares of the company’s stock, valued at $588,720. The disclosure for this sale can be found here. Insiders have sold a total of 105,613 shares of company stock worth $4,056,322 over the last ninety days. Corporate insiders own 19.40% of the company’s stock.

Institutional Trading of M-tron Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new stake in M-tron Industries during the 4th quarter worth $443,000. Renaissance Technologies LLC acquired a new stake in M-tron Industries during the 4th quarter worth $683,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in M-tron Industries during the 4th quarter worth $252,000. Gamco Investors INC. ET AL acquired a new stake in M-tron Industries during the 4th quarter worth $2,087,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of M-tron Industries by 159.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the company’s stock worth $28,000 after acquiring an additional 1,622 shares during the period. Hedge funds and other institutional investors own 23.31% of the company’s stock.

About M-tron Industries

M-tron Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products. 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.