Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Sells $241,333.94 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Renee R. Anderson sold 13,282 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total transaction of $241,333.94. Following the sale, the executive vice president now directly owns 64,517 shares in the company, valued at $1,172,273.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Core Molding Technologies Stock Performance

CMT stock opened at $17.88 on Thursday. The firm has a market cap of $156.63 million, a PE ratio of 9.07 and a beta of 1.69. 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 quick ratio of 1.86 and a current ratio of 2.28.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Equities research analysts predict that Core Molding Technologies, Inc. will post 1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Core Molding Technologies

A number of institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Core Molding Technologies by 1,648.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 106,161 shares of the industrial products company’s stock valued at $1,967,000 after acquiring an additional 100,091 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Core Molding Technologies during the 4th quarter worth about $27,000. Jump Financial LLC increased its position in Core Molding Technologies by 62.7% during the 4th quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 4,579 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Core Molding Technologies during the fourth quarter valued at approximately $212,000. Finally, Hillsdale Investment Management Inc. grew its stake in Core Molding Technologies by 8.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 133,550 shares of the industrial products company’s stock worth $2,475,000 after buying an additional 10,800 shares during the period. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.