The Eastern Company (NASDAQ: EML) reported third-quarter 2026 net sales of $75.0 million, up 36% from $55.3 million a year earlier. Net income was $3.4 million, or $0.57 per diluted share, compared with $0.6 million, or $0.10 per diluted share, in the prior-year quarter.
The company said higher shipments of truck mirror assemblies, returnable transport packaging and latch and handle assemblies, along with contributions from Sungear and Crown Precision, supported sales growth.
- Operating profit rose to $5.6 million from $1.7 million; operating margin was 7.4%, compared with 3.1%.
- Gross margin was 23.9%, compared with 22.3% in the prior-year quarter.
- Third-quarter sales included $5.4 million from Sungear and Crown Precision.
- Backlog was $126.1 million at quarter-end, up 70% year over year.
- The company repaid $2 million of debt during the quarter and reported $61 million of revolver availability at quarter-end.
$EML Insider Trading Activity
$EML insiders have traded $EML stock on the open market 14 times in the past 6 months. Of those trades, 14 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $EML stock by insiders over the last 6 months:
- JAMES A MITAROTONDA has made 3 purchases buying 7,337 shares for an estimated $158,571 and 0 sales.
- FREDERICK D. DISANTO has made 5 purchases buying 3,501 shares for an estimated $74,231 and 0 sales.
- JOHN EVERETS has made 2 purchases buying 2,347 shares for an estimated $54,218 and 0 sales.
- CHAN GALBATO has made 2 purchases buying 2,157 shares for an estimated $50,845 and 0 sales.
- PEGGY SCOTT has made 2 purchases buying 2,172 shares for an estimated $50,315 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$EML Hedge Fund Activity
We have seen 25 institutional investors add shares of $EML stock to their portfolio, and 43 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 267,530 shares (-86.9%) from their portfolio in Q2 2026, for an estimated $7,450,710
- AMERIPRISE FINANCIAL INC added 220,160 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,131,456
- MARSHALL WACE, LLP added 44,356 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,235,314
- NORTHERN TRUST CORP removed 32,471 shares (-72.2%) from their portfolio in Q2 2026, for an estimated $904,317
- MILLENNIUM MANAGEMENT LLC added 22,572 shares (+inf%) to their portfolio in Q2 2026, for an estimated $628,630
- JANE STREET GROUP, LLC added 21,459 shares (+inf%) to their portfolio in Q2 2026, for an estimated $597,633
- BARINGTON COMPANIES MANAGEMENT, LLC added 19,900 shares (+3.2%) to their portfolio in Q2 2026, for an estimated $554,215
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
