The Elmet Group Co. $ELMT reported a strong third quarter in 2026, with revenue rising to $79.6 million, up 44.2% from a year earlier and ahead of the $66.0 million estimate. Gross profit climbed to $24.9 million, while operating profit surged to $12.0 million, reflecting a major improvement in profitability.
Net income attributable to common shareholders increased sharply to $8.3 million, and diluted earnings per share came in at $0.24, both well above last year’s levels and above expectations. Cost of sales was $54.7 million, but the company still delivered stronger margins as revenue growth outpaced expenses.
On the balance sheet, cash and cash equivalents reached $105.7 million, while total liabilities were $125.3 million. Cash from operating activities was negative at $53.2 million, and capital spending totaled $1.7 million. The stock fell 4.0% after the close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
The Elmet Group Co. Hedge Fund Activity
We have seen 74 institutional investors add shares of The Elmet Group Co. stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEEDHAM INVESTMENT MANAGEMENT LLC added 2,639,416 shares (+inf%) to their portfolio in Q2 2026, for an estimated $52,102,071
- BANGOR SAVINGS BANK added 2,441,934 shares (+inf%) to their portfolio in Q3 2026, for an estimated $48,741,002
- ALYESKA INVESTMENT GROUP, L.P. added 731,950 shares (+inf%) to their portfolio in Q2 2026, for an estimated $14,448,692
- BLACKROCK, INC. added 678,055 shares (+inf%) to their portfolio in Q2 2026, for an estimated $13,384,805
- WELLINGTON MANAGEMENT GROUP LLP added 533,783 shares (+inf%) to their portfolio in Q2 2026, for an estimated $10,536,876
- FEDERATED HERMES, INC. added 400,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $7,895,999
- AWM INVESTMENT COMPANY, INC. added 344,853 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,807,398
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.
The Elmet Group Co. Price Targets
Multiple analysts have issued price targets for $ELMT recently. We have seen 3 analysts offer price targets for $ELMT in the last 6 months, with a median target of $20.0.
Here are some recent targets:
- Austin Moeller from Canaccord Genuity set a target price of $20.0 on 05/18/2026
- James Ricchiuti from Needham set a target price of $21.0 on 05/18/2026
- Colin Canfield from Cantor Fitzgerald set a target price of $20.0 on 05/18/2026
