StockNews.com Upgrades Core Molding Technologies (NYSEAMERICAN:CMT) to Strong-Buy

StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

Core Molding Technologies Stock Performance

Core Molding Technologies stock opened at $15.97 on Friday. Core Molding Technologies has a 52 week low of $15.84 and a 52 week high of $30.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 1.88. The stock has a market cap of $145.97 million, a P/E ratio of 7.68 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%. The business had revenue of $78.15 million during the quarter, compared to analysts’ expectations of $78.69 million. Analysts forecast that Core Molding Technologies will post 1.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO David L. Duvall sold 17,513 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the transaction, the chief executive officer now directly owns 389,577 shares in the company, valued at approximately $7,888,934.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David L. Duvall sold 17,513 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the transaction, the chief executive officer now directly owns 389,577 shares in the company, valued at approximately $7,888,934.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph O. Hellmold sold 2,335 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.06, for a total value of $44,505.10. Following the completion of the transaction, the director now owns 30,913 shares of the company’s stock, valued at $589,201.78. The disclosure for this sale can be found here. Insiders sold a total of 42,726 shares of company stock worth $850,887 over the last ninety days. 13.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Core Molding Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in shares of Core Molding Technologies in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC lifted its stake in shares of Core Molding Technologies by 82.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 797 shares during the last quarter. Barclays PLC lifted its stake in shares of Core Molding Technologies by 53.1% in the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,517 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Core Molding Technologies in the 3rd quarter valued at about $125,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Core Molding Technologies in the 4th quarter valued at about $212,000. Institutional investors own 58.79% of the company’s stock.

Core Molding Technologies Company Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.