Core Molding Technologies (NYSEAMERICAN:CMT) Upgraded at StockNews.com

StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMT) 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) 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

In other news, Director Ralph O. Hellmold sold 1,696 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $19.17, for a total transaction of $32,512.32. Following the completion of the transaction, the director now directly owns 33,248 shares of the company’s stock, valued at approximately $637,364.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO David L. Duvall sold 17,513 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the sale, the chief executive officer now directly owns 389,577 shares of the company’s stock, valued at $7,888,934.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ralph O. Hellmold sold 1,696 shares of Core Molding Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $32,512.32. Following the sale, the director now owns 33,248 shares in the company, valued at approximately $637,364.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,726 shares of company stock worth $850,887. 13.10% of the stock is currently owned by corporate insiders.

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.