Tieton Capital Management LLC Buys New Shares in Core Molding Technologies Inc $CMT

Tieton Capital Management LLC bought a new position in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 452,030 shares of the industrial products company’s stock, valued at approximately $10,668,000. Core Molding Technologies makes up about 3.1% of Tieton Capital Management LLC’s portfolio, making the stock its 17th biggest position. Tieton Capital Management LLC owned approximately 0.05% of Core Molding Technologies at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Core Molding Technologies by 5.1% during the fourth quarter. Barclays PLC now owns 14,448 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 695 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Core Molding Technologies by 18.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company’s stock valued at $78,000 after buying an additional 738 shares during the period. BNP Paribas Financial Markets grew its stake in shares of 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 during the period. NewEdge Advisors LLC increased 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 buying an additional 803 shares in the last quarter. Finally, Strs Ohio raised its stake in 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 buying an additional 900 shares during the period. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Core Molding Technologies Stock Up 0.1%

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

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.18. The business had revenue of $62.73 million during the quarter, compared to the consensus estimate of $60.05 million. Core Molding Technologies had a return on equity of 4.64% and a net margin of 2.89%. On average, equities research analysts anticipate that Core Molding Technologies Inc will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Roth Capital restated a “buy” rating and set 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 research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Core Molding Technologies has an average rating of “Moderate Buy” and an average price target of $30.00.

Insiders Place Their Bets

In other news, Director Thomas R. Cellitti sold 3,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.77, for a total value of $74,310.00. Following the completion of the sale, the director owned 98,393 shares in the company, valued at $2,437,194.61. This represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ralph O. Hellmold sold 4,268 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $25.82, for a total transaction of $110,199.76. Following the completion of the sale, the director owned 33,501 shares of the company’s stock, valued at approximately $864,995.82. This represents a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,168 shares of company stock worth $352,520 over the last ninety days. Insiders own 11.20% of the company’s stock.

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.