Core Molding Technologies (NYSEAMERICAN:CMT) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a buy rating to a strong-buy rating in a research report report published on Monday.

Core Molding Technologies Stock Performance

Shares of NYSEAMERICAN:CMT opened at $17.99 on Monday. The company has a market cap of $164.43 million, a PE ratio of 8.65 and a beta of 1.69. Core Molding Technologies has a twelve month low of $14.64 and a twelve month high of $30.09. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. The business had revenue of $78.15 million during the quarter, compared to analysts’ expectations of $78.69 million. As a group, sell-side analysts predict that Core Molding Technologies will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Core Molding Technologies news, CEO David L. Duvall sold 17,513 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $20.25, for a total transaction of $354,638.25. Following the transaction, the chief executive officer now owns 389,577 shares of the company’s stock, valued at approximately $7,888,934.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Core Molding Technologies news, CFO John P. Zimmer sold 8,834 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $20.01, for a total transaction of $176,768.34. Following the completion of the sale, the chief financial officer now owns 164,223 shares of the company’s stock, valued at $3,286,102.23. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David L. Duvall sold 17,513 shares of Core Molding Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the transaction, the chief executive officer now directly owns 389,577 shares in the company, valued at $7,888,934.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,726 shares of company stock worth $850,887. 13.10% of the stock is owned by corporate insiders.

Institutional Trading of Core Molding Technologies

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in Core Molding Technologies by 1,648.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,161 shares of the industrial products company’s stock worth $1,967,000 after acquiring an additional 100,091 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Core Molding Technologies by 187.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock valued at $1,445,000 after buying an additional 49,764 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Core Molding Technologies by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Core Molding Technologies in the 4th quarter valued at approximately $625,000. Finally, Gendell Jeffrey L raised its position in shares of Core Molding Technologies by 38.4% during the 4th quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock valued at $1,423,000 after acquiring an additional 21,290 shares in the last quarter. Institutional investors and hedge funds 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.