Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO Sells 2,000 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the completion of the transaction, the chief financial officer now owns 129,212 shares of the company’s stock, valued at approximately $2,408,511.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Core Molding Technologies Stock Performance

NYSEAMERICAN:CMT opened at $17.75 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.28 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 $155.49 million, a price-to-earnings ratio of 8.53 and a beta of 1.69.

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

Analyst Upgrades and Downgrades

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.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently modified their holdings of CMT. Tieton Capital Management LLC boosted its position in shares of Core Molding Technologies by 151.9% in the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock worth $2,830,000 after acquiring an additional 107,041 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Core Molding Technologies by 187.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock worth $1,445,000 after acquiring an additional 49,764 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Core Molding Technologies by 12.8% in the first quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Core Molding Technologies by 45.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock valued at $2,915,000 after buying an additional 47,826 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Core Molding Technologies by 19.1% during the second quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after buying an additional 28,376 shares in the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.

About Core Molding Technologies

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.