CM Wealth Advisors LLC Takes $703,000 Position in Core Molding Technologies Inc $CMT

CM Wealth Advisors LLC purchased a new stake in Core Molding Technologies Inc (NYSEAMERICAN:CMT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,785 shares of the industrial products company’s stock, valued at approximately $703,000. CM Wealth Advisors LLC owned 0.34% of Core Molding Technologies as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Core Molding Technologies by 83.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,673 shares of the industrial products company’s stock valued at $34,000 after buying an additional 763 shares in the last quarter. NewEdge Advisors LLC grew its position in Core Molding Technologies by 70.8% in the 4th quarter. NewEdge Advisors LLC now owns 1,937 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 803 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Core Molding Technologies during the fourth quarter worth about $43,000. Global Retirement Partners LLC acquired a new stake in shares of Core Molding Technologies during the second quarter worth about $59,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Core Molding Technologies by 18.6% during the second quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Insiders Place Their Bets

In other Core Molding Technologies news, Director Ralph O. Hellmold sold 4,268 shares of Core Molding Technologies stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $25.82, for a total transaction of $110,199.76. Following the completion of the sale, the director directly owned 33,501 shares of the company’s stock, valued at $864,995.82. The trade was a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas R. Cellitti sold 2,495 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.00, for a total value of $59,880.00. Following the transaction, the director directly owned 93,818 shares of the company’s stock, valued at approximately $2,251,632. This represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 14,168 shares of company stock worth $352,520. 11.20% of the stock is owned by insiders.

Core Molding Technologies Stock Performance

CMT stock opened at $26.10 on Thursday. Core Molding Technologies Inc has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The company’s 50 day moving average price is $24.27 and its 200 day moving average price is $23.09. The firm has a market capitalization of $230.99 million, a price-to-earnings ratio of 30.35 and a beta of 0.44.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $60.05 million. Equities analysts forecast that Core Molding Technologies Inc will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Roth Capital restated a “buy” rating and issued a $30.00 price objective on shares of Core Molding Technologies in a report on Wednesday, August 5th. Zacks Research upgraded shares of Core Molding Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Core Molding Technologies Profile

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.