Core Molding Technologies (NYSEAMERICAN:CMT) Director Sells $74,310.00 in Stock

Core Molding Technologies Inc (NYSEAMERICAN:CMTGet Free Report) Director Thomas Cellitti sold 3,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.77, for a total transaction of $74,310.00. Following the completion of the transaction, the director directly owned 98,393 shares of the company’s stock, valued at $2,437,194.61. This trade represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Core Molding Technologies Trading Up 0.8%

Shares of CMT stock traded up $0.19 on Monday, hitting $24.83. The stock had a trading volume of 33,490 shares, compared to its average volume of 29,037. Core Molding Technologies Inc has a twelve month low of $16.12 and a twelve month high of $28.69. The firm has a market cap of $220.99 million, a P/E ratio of 22.17 and a beta of 0.44. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $24.70 and a two-hundred day moving average price of $21.50.

Core Molding Technologies declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 12th that permits the company to repurchase $7,500.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 4,581,831.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Core Molding Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Core Molding Technologies by 83.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,673 shares of the industrial products company’s stock worth $34,000 after buying an additional 763 shares in the last quarter. NewEdge Advisors LLC lifted its position in Core Molding Technologies by 70.8% during the 4th quarter. NewEdge Advisors LLC now owns 1,937 shares of the industrial products company’s stock worth $39,000 after buying an additional 803 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Core Molding Technologies during the 4th quarter worth about $43,000. JPMorgan Chase & Co. lifted its position in Core Molding Technologies by 18.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company’s stock worth $78,000 after buying an additional 738 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Core Molding Technologies by 34.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,096 shares of the industrial products company’s stock worth $202,000 after buying an additional 2,593 shares in the last quarter. 58.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Roth Mkm upped their target price on shares of Core Molding Technologies from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Zacks Research lowered shares of Core Molding Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.00.

View Our Latest Report on Core Molding Technologies

About Core Molding Technologies

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Core Molding Technologies is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company’s core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.

Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.

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Insider Buying and Selling by Quarter for Core Molding Technologies (NYSEAMERICAN:CMT)

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