Allspring Global Investments Holdings LLC Decreases Holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,157 shares of the industrial products company’s stock after selling 14,011 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Core Molding Technologies were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in Core Molding Technologies by 4.9% in the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after buying an additional 593 shares in the last quarter. Rhumbline Advisers lifted its holdings in Core Molding Technologies by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after buying an additional 866 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Core Molding Technologies in the 2nd quarter worth $27,000. Bank of New York Mellon Corp lifted its holdings in Core Molding Technologies by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company’s stock worth $585,000 after buying an additional 1,856 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Core Molding Technologies by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock worth $2,156,000 after buying an additional 2,039 shares in the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Core Molding Technologies Trading Down 1.8 %

Shares of CMT stock opened at $15.52 on Wednesday. Core Molding Technologies, Inc. has a 12 month low of $14.64 and a 12 month high of $26.50. The company has a current ratio of 2.28, a quick ratio of 1.86 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $135.96 million, a price-to-earnings ratio of 8.17 and a beta of 1.67.

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

Insider Activity

In other news, EVP Renee R. Anderson sold 13,282 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.17, for a total value of $241,333.94. Following the sale, the executive vice president now owns 64,517 shares in the company, valued at approximately $1,172,273.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the sale, the executive vice president now owns 52,799 shares of the company’s stock, valued at $944,574.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Renee R. Anderson sold 13,282 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.17, for a total transaction of $241,333.94. Following the sale, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at approximately $1,172,273.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,411 shares of company stock worth $1,333,020. 13.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.