StockNews.com Downgrades Core Molding Technologies (NYSEAMERICAN:CMT) to Buy

Core Molding Technologies (NYSEAMERICAN:CMT) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Core Molding Technologies Stock Performance

NYSEAMERICAN:CMT opened at $15.94 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.88 and a current ratio of 2.44. Core Molding Technologies has a 12-month low of $15.70 and a 12-month high of $30.09. The firm has a market capitalization of $145.69 million, a PE ratio of 7.66 and a beta of 1.67.

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

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 17,513 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.25, for a total transaction of $354,638.25. Following the completion of the transaction, the chief executive officer now owns 389,577 shares in the company, valued at approximately $7,888,934.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO David L. Duvall sold 17,513 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $20.25, for a total transaction 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 SEC, which is available at this link. Also, Director Ralph O. Hellmold sold 1,696 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $32,512.32. Following the transaction, the director now directly owns 33,248 shares in the company, valued at approximately $637,364.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,726 shares of company stock valued at $850,887. 13.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Core Molding Technologies

Several institutional investors and hedge funds have recently bought and sold shares of CMT. BNP Paribas Financial Markets grew its stake in shares of Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 593 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 purchasing an additional 797 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Core Molding Technologies during the fourth quarter worth $27,000. Barclays PLC grew its position in Core Molding Technologies by 53.1% during the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,517 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Core Molding Technologies by 7.7% in the first quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock valued at $608,000 after buying an additional 2,287 shares during the period. Institutional investors 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.