Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO Sells $37,280.00 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.64, for a total transaction of $37,280.00. Following the sale, the chief financial officer now directly owns 129,212 shares in the company, valued at approximately $2,408,511.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Core Molding Technologies Price Performance

CMT stock opened at $18.26 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86. The company has a market capitalization of $159.96 million, a PE ratio of 8.78 and a beta of 1.69. Core Molding Technologies, Inc. has a twelve month low of $14.64 and a twelve month high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, beating 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 firm had revenue of $88.74 million during the quarter, compared to the consensus estimate of $78.75 million. On average, equities analysts anticipate that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after buying an additional 49,501 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Core Molding Technologies by 187.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock worth $1,445,000 after purchasing an additional 49,764 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Core Molding Technologies by 45.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock worth $2,915,000 after purchasing an additional 47,826 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Core Molding Technologies by 8.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 133,550 shares of the industrial products company’s stock worth $2,475,000 after purchasing an additional 10,800 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of Core Molding Technologies in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Core Molding Technologies Company 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.