StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMT – Free Report) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.
Core Molding Technologies Price Performance
Shares of CMT stock opened at $18.42 on Tuesday. Core Molding Technologies 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 0.15, a current ratio of 2.44 and a quick ratio of 1.88. The company has a market capitalization of $168.36 million, a price-to-earnings ratio of 8.86 and a beta of 1.69.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.17. The business had revenue of $78.15 million during the quarter, compared to analysts’ expectations of $78.69 million. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%. As a group, analysts anticipate that Core Molding Technologies will post 1.6 EPS for the current year.
Insider Activity
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Core Molding Technologies by 55.4% in the 3rd quarter. Wellington Management Group LLP now owns 51,900 shares of the industrial products company’s stock valued at $1,479,000 after acquiring an additional 18,500 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Core Molding Technologies during the third quarter worth $125,000. Raymond James Financial Services Advisors Inc. purchased a new position in Core Molding Technologies in the 4th quarter valued at $625,000. Denali Advisors LLC increased its stake in Core Molding Technologies by 69.6% in the 4th quarter. Denali Advisors LLC now owns 19,500 shares of the industrial products company’s stock valued at $361,000 after buying an additional 8,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position 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 buying an additional 100,091 shares during the last quarter. Hedge funds and other institutional investors 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.
Featured Articles
- Five stocks we like better than Core Molding Technologies
- 3 Tickers Leading a Meme Stock Revival
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Consumer Discretionary Stocks Explained
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- How to Invest in the Best Canadian Stocks
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Core Molding Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Molding Technologies and related companies with MarketBeat.com's FREE daily email newsletter.