Key Points
- Director Ralph Hellmold sold 4,268 shares of Core Molding Technologies at an average price of $25.82, totaling $110,199.76 and reducing his direct ownership by 11.3%.
- Core Molding Technologies beat quarterly expectations, reporting $0.39 in EPS versus the $0.21 consensus and revenue of $62.73 million versus estimates of $60.05 million.
- The stock recently opened at $25.23 after declining 4.7%; analysts maintain a “Moderate Buy” consensus with a $30 target price, while institutional investors own 58.79% of shares.
Core Molding Technologies Inc (NYSEAMERICAN:CMT - Get Free Report) Director Ralph Hellmold sold 4,268 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $25.82, for a total transaction of $110,199.76. Following the transaction, the director directly owned 33,501 shares of the company's stock, valued at approximately $864,995.82. This trade represents a 11.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Core Molding Technologies Stock Down 4.7%
Shares of CMT opened at $25.23 on Tuesday. The company has a market capitalization of $223.29 million, a price-to-earnings ratio of 29.34 and a beta of 0.44. Core Molding Technologies Inc has a 52 week low of $16.60 and a 52 week high of $28.69. The stock's 50-day moving average price is $23.94 and its 200-day moving average price is $22.75.
Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.21 by $0.18. Core Molding Technologies had a net margin of 2.89% and a return on equity of 4.64%. The company had revenue of $62.73 million for the quarter, compared to analyst estimates of $60.05 million. As a group, equities analysts anticipate that Core Molding Technologies Inc will post 1.04 EPS for the current fiscal year.
Hedge Funds Weigh In On Core Molding Technologies
Large investors have recently modified their holdings of the business. Barclays PLC lifted its position in shares of Core Molding Technologies by 5.1% during the 4th quarter. Barclays PLC now owns 14,448 shares of the industrial products company's stock worth $290,000 after purchasing an additional 695 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Core Molding Technologies by 18.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company's stock worth $78,000 after buying an additional 738 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Core Molding Technologies by 83.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,673 shares of the industrial products company's stock worth $34,000 after buying an additional 763 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Core Molding Technologies by 70.8% during the 4th quarter. NewEdge Advisors LLC now owns 1,937 shares of the industrial products company's stock worth $39,000 after acquiring an additional 803 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Core Molding Technologies by 3.5% during the 4th quarter. Strs Ohio now owns 26,600 shares of the industrial products company's stock worth $533,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Zacks Research upgraded Core Molding Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Roth Capital reaffirmed a "buy" rating and set a $30.00 target price on shares of Core Molding Technologies in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.
View Our Latest Report on Core Molding Technologies
Core Molding Technologies Company Profile
(
Get Free Report)
Core Molding Technologies is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company's core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.
Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.
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