Core Molding Technologies (NYSEAMERICAN:CMT) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMTFree Report) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

Core Molding Technologies Stock Down 2.6 %

Shares of CMT stock opened at $16.67 on Tuesday. Core Molding Technologies has a 1-year low of $16.00 and a 1-year high of $30.09. The stock has a market cap of $152.36 million, a price-to-earnings ratio of 8.01 and a beta of 1.67. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%. The company had revenue of $78.15 million for the quarter, compared to analysts’ expectations of $78.69 million. As a group, analysts expect that Core Molding Technologies will post 1.6 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David L. Duvall sold 17,513 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now 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 can be accessed through this hyperlink. In other news, CFO John P. Zimmer sold 8,834 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $20.01, for a total transaction of $176,768.34. Following the completion of the transaction, the chief financial officer now directly owns 164,223 shares of the company’s stock, valued at approximately $3,286,102.23. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David L. Duvall sold 17,513 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 389,577 shares in the company, valued at approximately $7,888,934.25. The disclosure for this sale can be found here. Insiders have sold a total of 42,726 shares of company stock worth $850,887 in the last quarter. 13.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Core Molding Technologies

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of Core Molding Technologies in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its holdings in shares of Core Molding Technologies by 82.7% in the 4th 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 period. Public Employees Retirement System of Ohio purchased a new stake in Core Molding Technologies in the 3rd quarter valued at $125,000. Barclays PLC boosted its stake in Core Molding Technologies by 53.1% during the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,517 shares during the period. Finally, Jump Financial LLC acquired a new stake in Core Molding Technologies during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Core Molding Technologies Company Profile

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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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