Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO Sells $37,280.00 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer sold 2,000 shares of Core Molding Technologies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the completion of the transaction, the chief financial officer now directly owns 129,212 shares in the company, valued at $2,408,511.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Core Molding Technologies Stock Performance

CMT traded down $0.26 during trading on Tuesday, hitting $18.26. The stock had a trading volume of 31,596 shares, compared to its average volume of 46,848. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28. 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, Inc. has a twelve month low of $14.64 and a twelve month high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced 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. The company had revenue of $88.74 million for the quarter, compared to analysts’ expectations of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. On average, sell-side analysts predict that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Core Molding Technologies

Institutional investors have recently bought and sold shares of the company. Tieton Capital Management LLC boosted its position in shares of Core Molding Technologies by 151.9% during the 2nd quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock worth $2,830,000 after purchasing an additional 107,041 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Core Molding Technologies by 187.4% during the 1st 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. Vanguard Group Inc. boosted its position in shares of Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after purchasing an additional 49,501 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Core Molding Technologies by 45.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock worth $2,915,000 after purchasing an additional 47,826 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Core Molding Technologies by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after purchasing an additional 28,376 shares in 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.