Core Molding Technologies (NYSEAMERICAN:CMT) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Core Molding Technologies Trading Up 2.1 %

Shares of CMT stock opened at $15.91 on Friday. Core Molding Technologies has a 1 year low of $15.30 and a 1 year high of $30.09. The company has a current ratio of 2.44, a quick ratio of 1.88 and a debt-to-equity ratio of 0.15. The company has a market cap of $145.42 million, a PE ratio of 7.65 and a beta of 1.69.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $78.15 million during the quarter, compared to analyst estimates of $78.69 million. Equities research analysts anticipate that Core Molding Technologies will post 1.6 earnings per share for the current fiscal year.

Insider Transactions at Core Molding Technologies

In related news, Director Ralph O. Hellmold sold 1,696 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $32,512.32. Following the sale, the director now directly owns 33,248 shares of the company’s stock, valued at approximately $637,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ralph O. Hellmold sold 1,696 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $32,512.32. Following the completion of the transaction, the director now owns 33,248 shares of the company’s stock, valued at $637,364.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John P. Zimmer sold 6,595 shares of Core Molding Technologies stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.69, for a total value of $129,855.55. Following the completion of the sale, the chief financial officer now directly owns 157,628 shares in the company, valued at approximately $3,103,695.32. The disclosure for this sale can be found here. Insiders have sold a total of 42,726 shares of company stock valued at $850,887 over the last 90 days. 13.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CMT. Allspring Global Investments Holdings LLC increased its stake in Core Molding Technologies by 1,648.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,161 shares of the industrial products company’s stock worth $1,967,000 after acquiring an additional 100,091 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in 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 valued at $1,445,000 after purchasing an additional 49,764 shares in the last quarter. Vanguard Group Inc. raised its stake in 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 valued at $8,229,000 after purchasing an additional 49,501 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Core Molding Technologies during the fourth quarter worth about $625,000. Finally, Gendell Jeffrey L grew its stake in Core Molding Technologies by 38.4% during the fourth quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock worth $1,423,000 after buying an additional 21,290 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

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.