M-tron Industries (NYSEAMERICAN:MPTI) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of M-tron Industries (NYSEAMERICAN:MPTI) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Separately, Freedom Capital lowered M-tron Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

M-tron Industries Trading Down 4.8%

Shares of MPTI opened at $86.57 on Monday. The company has a market capitalization of $373.98 million, a PE ratio of 30.70, a PEG ratio of 1.61 and a beta of 0.71. The stock’s 50-day moving average price is $86.07 and its two-hundred day moving average price is $71.07. M-tron Industries has a 12 month low of $38.41 and a 12 month high of $104.85.

M-tron Industries (NYSEAMERICAN:MPTI) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. M-tron Industries had a net margin of 16.33% and a return on equity of 17.69%. The firm had revenue of $14.69 million for the quarter, compared to the consensus estimate of $14.36 million. Equities research analysts predict that M-tron Industries will post 2.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Cameron Pforr sold 840 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.78, for a total transaction of $56,095.20. Following the transaction, the chief executive officer owned 26,806 shares in the company, valued at approximately $1,790,104.68. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,507 shares of company stock valued at $100,637 over the last ninety days. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MPTI. Deutsche Bank AG increased its holdings in shares of M-tron Industries by 2,341.4% during the fourth quarter. Deutsche Bank AG now owns 1,709 shares of the company’s stock valued at $91,000 after acquiring an additional 1,639 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of M-tron Industries by 43.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,847 shares of the company’s stock valued at $152,000 after buying an additional 869 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of M-tron Industries in the 4th quarter worth about $239,000. Marshall Wace LLP boosted its position in shares of M-tron Industries by 25.6% during the second quarter. Marshall Wace LLP now owns 56,263 shares of the company’s stock valued at $2,363,000 after buying an additional 11,470 shares during the last quarter. Finally, State Street Corp grew its stake in shares of M-tron Industries by 9.0% in the 4th quarter. State Street Corp now owns 35,703 shares of the company’s stock worth $1,900,000 after acquiring an additional 2,962 shares in the last quarter. 23.31% of the stock is owned by institutional investors and hedge funds.

M-tron Industries Company Profile

M-tron Industries, Inc (NYSE American: MPTI) is a designer and manufacturer of high‐performance electromechanical motion control and power transmission systems. The company specializes in the development of precision motors, digital servo controllers, and rotary electrical interfaces that enable smooth, reliable operation in demanding environments. Its core offerings include frameless torque motors, brushless DC motors, multi‐circuit slip ring assemblies, and custom motor/controller packages tailored to specific customer requirements.

These products serve a diverse array of end markets, including defense and aerospace, industrial automation, robotics, medical imaging, and energy generation.