Rhumbline Advisers Grows Position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Rhumbline Advisers boosted its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,174 shares of the industrial products company’s stock after buying an additional 866 shares during the period. Rhumbline Advisers’ holdings in Core Molding Technologies were worth $178,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Gendell Jeffrey L boosted its stake in Core Molding Technologies by 38.4% in the fourth quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock valued at $1,423,000 after acquiring an additional 21,290 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Core Molding Technologies by 45.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock valued at $2,915,000 after acquiring an additional 47,826 shares during the period. Denali Advisors LLC raised its stake in Core Molding Technologies by 26.7% during the 1st quarter. Denali Advisors LLC now owns 24,700 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 5,200 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Core Molding Technologies by 4.9% during the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 593 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Core Molding Technologies by 7.7% in the 1st quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 2,287 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $17.94, for a total transaction of $197,340.00. Following the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at approximately $6,752,203.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO David L. Duvall sold 11,000 shares of Core Molding Technologies stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total value of $197,340.00. Following the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at approximately $6,752,203.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David L. Duvall sold 20,000 shares of Core Molding Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.29, for a total transaction of $365,800.00. Following the completion of the transaction, the chief executive officer now directly owns 338,227 shares in the company, valued at $6,186,171.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,411 shares of company stock worth $1,333,020. Company insiders own 13.10% of the company’s stock.

Core Molding Technologies Trading Up 0.2 %

NYSEAMERICAN CMT opened at $17.93 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.86 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a twelve month low of $14.64 and a twelve month high of $30.09. The stock has a market cap of $157.07 million, a P/E ratio of 8.62 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.31. The firm had revenue of $88.74 million during the quarter, compared to the consensus estimate of $78.75 million. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. As a group, research analysts anticipate that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current year.

Core Molding Technologies 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.