Core Molding Technologies (NYSEAMERICAN:CMT) Director Sells $110,199.76 in Stock

Core Molding Technologies Inc (NYSEAMERICAN:CMTGet Free Report) Director Ralph Hellmold sold 4,268 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $25.82, for a total value of $110,199.76. Following the transaction, the director owned 33,501 shares of the company’s stock, valued at approximately $864,995.82. This trade represents a 11.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Core Molding Technologies Stock Performance

Shares of Core Molding Technologies stock opened at $25.27 on Thursday. The firm has a market cap of $223.64 million, a PE ratio of 29.38 and a beta of 0.44. Core Molding Technologies Inc has a 52-week low of $16.60 and a 52-week high of $28.69. The business’s 50 day simple moving average is $24.02 and its 200 day simple moving average is $22.84.

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. Core Molding Technologies had a net margin of 2.89% and a return on equity of 4.64%. The business had revenue of $62.73 million for the quarter, compared to analyst estimates of $60.05 million. As a group, equities research analysts predict that Core Molding Technologies Inc will post 1.04 EPS for the current year.

Hedge Funds Weigh In On Core Molding Technologies

Several large investors have recently bought and sold shares of CMT. BNP Paribas Financial Markets boosted 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 during the period. NewEdge Advisors LLC grew its holdings 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 acquiring an additional 803 shares during the period. Kestra Advisory Services LLC acquired a new stake in Core Molding Technologies during the fourth quarter worth approximately $43,000. Global Retirement Partners LLC acquired a new stake in shares of Core Molding Technologies during the 2nd quarter worth approximately $59,000. Finally, JPMorgan Chase & Co. grew its holdings in Core Molding Technologies by 18.6% in the second quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 738 shares during the period. 58.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMT. Zacks Research upgraded shares of Core Molding Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Roth Capital reiterated a “buy” rating and set a $30.00 price objective on shares of Core Molding Technologies in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Get Our Latest Stock Report on CMT

Core Molding Technologies Company Profile

(Get Free Report)

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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