Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki Acquires 1,000 Shares

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki bought 1,000 shares of Core Molding Technologies stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $14.01 per share, with a total value of $14,010.00. Following the completion of the acquisition, the executive vice president now directly owns 159,244 shares of the company’s stock, valued at $2,231,008.44. This represents a 0.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Eric Palomaki also recently made the following trade(s):

• On Monday, March 17th, Eric Palomaki bought 1,000 shares of Core Molding Technologies stock. The stock was bought at an average price of $13.99 per share, for a total transaction of $13,990.00.

Core Molding Technologies Stock Performance

CMT stock opened at $14.60 on Thursday. Core Molding Technologies, Inc. has a 52 week low of $12.25 and a 52 week high of $21.00. The company has a market cap of $130.82 million, a P/E ratio of 8.25 and a beta of 1.74. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $22.00 target price on shares of Core Molding Technologies in a research report on Wednesday, March 12th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CMT. Tieton Capital Management LLC grew its holdings in Core Molding Technologies by 24.0% during the fourth quarter. Tieton Capital Management LLC now owns 349,836 shares of the industrial products company’s stock valued at $5,786,000 after purchasing an additional 67,800 shares during the last quarter. American Century Companies Inc. grew its stake in Core Molding Technologies by 0.6% in the 4th quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company’s stock valued at $3,291,000 after buying an additional 1,191 shares during the last quarter. Geode Capital Management LLC lifted its position in Core Molding Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after acquiring an additional 2,737 shares during the last quarter. State Street Corp boosted its holdings in Core Molding Technologies by 0.8% during the third quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock valued at $2,709,000 after acquiring an additional 1,267 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Core Molding Technologies by 3.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 154,604 shares of the industrial products company’s stock valued at $2,557,000 after purchasing an additional 5,284 shares during the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.

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.