Core Molding Technologies (NYSEAMERICAN:CMT) Rating Increased to Strong-Buy at StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Core Molding Technologies Stock Performance

Shares of NYSEAMERICAN CMT traded up $0.46 during midday trading on Tuesday, reaching $17.96. The stock had a trading volume of 41,270 shares, compared to its average volume of 46,570. The stock has a market cap of $164.15 million, a PE ratio of 8.63 and a beta of 1.69. Core Molding Technologies has a 12-month low of $14.64 and a 12-month high of $30.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 1.88.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its 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. The firm had revenue of $78.15 million during the quarter, compared to analyst estimates of $78.69 million. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. Equities analysts anticipate that Core Molding Technologies will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Core Molding Technologies

In related news, Director Ralph O. Hellmold sold 1,696 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 33,248 shares in the company, valued at $637,364.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Core Molding Technologies news, Director Ralph O. Hellmold sold 1,696 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $32,512.32. Following the completion of the sale, the director now owns 33,248 shares of the company’s stock, valued at $637,364.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John P. Zimmer sold 6,595 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.69, for a total value of $129,855.55. Following the transaction, the chief financial officer now owns 157,628 shares of the company’s stock, valued at approximately $3,103,695.32. The disclosure for this sale can be found here. Insiders have sold a total of 42,726 shares of company stock worth $850,887 over the last ninety days. Company insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. raised its holdings in Core Molding Technologies by 187.4% in the first 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. Public Employees Retirement System of Ohio purchased a new position in shares of Core Molding Technologies in the 1st quarter worth approximately $155,000. Vanguard Group Inc. lifted its position in Core Molding Technologies by 12.8% during the first quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock valued at $8,229,000 after acquiring an additional 49,501 shares during the last quarter. Empowered Funds LLC boosted its stake in 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 acquiring an additional 2,287 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in 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 worth $238,000 after purchasing an additional 593 shares during the last quarter. Hedge funds and other 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.