Granite Investment Partners LLC Buys 33,113 Shares of Core Molding Technologies, Inc. (CMT)

Granite Investment Partners LLC increased its stake in Core Molding Technologies, Inc. (NYSEMKT:CMT) by 72.5% during the second quarter, Holdings Channel reports. The firm owned 78,774 shares of the industrial products company’s stock after buying an additional 33,113 shares during the period. Granite Investment Partners LLC’s holdings in Core Molding Technologies were worth $1,702,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. bought a new stake in shares of Core Molding Technologies during the second quarter valued at about $268,000. Eagle Global Advisors LLC bought a new stake in shares of Core Molding Technologies during the second quarter valued at about $219,000. Finally, Strs Ohio bought a new stake in shares of Core Molding Technologies during the second quarter valued at about $144,000.

Core Molding Technologies, Inc. (NYSEMKT CMT) opened at 21.85 on Friday. The company has a market cap of $171.70 million, a P/E ratio of 24.25 and a beta of 1.26. Core Molding Technologies, Inc. has a 52 week low of $11.86 and a 52 week high of $24.50. The firm has a 50-day moving average price of $21.06 and a 200-day moving average price of $18.76.

Core Molding Technologies (NYSEMKT:CMT) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.07. The business had revenue of $47.37 million during the quarter. Core Molding Technologies had a return on equity of 6.91% and a net margin of 4.59%. Equities research analysts anticipate that Core Molding Technologies, Inc. will post $0.75 EPS for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, August 18th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 16th.

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Separately, TheStreet upgraded Core Molding Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, April 18th.

In other Core Molding Technologies news, Director James F. Crowley sold 3,375 shares of Core Molding Technologies stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $21.65, for a total value of $73,068.75. Following the completion of the sale, the director now owns 14,339 shares of the company’s stock, valued at approximately $310,439.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ralph O. Hellmold sold 1,550 shares of Core Molding Technologies stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $21.23, for a total value of $32,906.50. Following the completion of the sale, the director now directly owns 15,608 shares of the company’s stock, valued at approximately $331,357.84. The disclosure for this sale can be found here.

About Core Molding Technologies

Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.

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Institutional Ownership by Quarter for Core Molding Technologies (NYSEMKT:CMT)

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