Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) Director Ralph O. Hellmold sold 1,696 shares of Core Molding Technologies stock in a transaction that occurred on 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 in the company, valued at $637,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Core Molding Technologies Stock Performance
CMT stock opened at $18.81 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The company has a market cap of $171.92 million, a P/E ratio of 8.82 and a beta of 1.66. Core Molding Technologies, Inc. has a 52 week low of $16.00 and a 52 week high of $30.09.
Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.43 EPS for the quarter, topping 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 net margin of 5.42% and a return on equity of 13.63%. On average, sell-side analysts forecast that Core Molding Technologies, Inc. will post 1.6 earnings per share for the current year.
Institutional Trading of Core Molding Technologies
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Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new stake in Core Molding Technologies in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC lifted its stake in Core Molding Technologies by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 797 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Core Molding Technologies in the third quarter valued at approximately $125,000. Barclays PLC lifted its stake in Core Molding Technologies by 53.1% in the third quarter. Barclays PLC now owns 4,375 shares of the industrial products company's stock valued at $125,000 after acquiring an additional 1,517 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Core Molding Technologies in the third quarter valued at approximately $173,000. 58.79% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Core Molding Technologies from a "strong-buy" rating to a "buy" rating in a report on Monday, May 13th.
Read Our Latest Stock Report on CMT
About Core Molding Technologies
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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.
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