Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer Sells 13,653 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer sold 13,653 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $18.30, for a total value of $249,849.90. Following the completion of the sale, the chief financial officer now directly owns 115,559 shares of the company’s stock, valued at approximately $2,114,729.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Core Molding Technologies Trading Down 1.4 %

Shares of NYSEAMERICAN:CMT opened at $18.26 on Wednesday. Core Molding Technologies, Inc. has a 52-week low of $14.64 and a 52-week high of $30.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86. The stock has a market capitalization of $159.96 million, a P/E ratio of 8.78 and a beta of 1.69.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.31. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. The firm had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. On average, equities research analysts anticipate that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 29th.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in shares of Core Molding Technologies by 4.9% during the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 593 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Core Molding Technologies by 82.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 797 shares during the last quarter. Rhumbline Advisers boosted its stake in Core Molding Technologies by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares during the period. National Bank of Canada FI bought a new stake in Core Molding Technologies in the 4th quarter valued at $27,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Core Molding Technologies in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Core Molding Technologies Company Profile

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.