Ralph Hellmold Sells 4,268 Shares of Core Molding Technologies (NYSEAMERICAN:CMT) Stock

Core Molding Technologies Inc (NYSEAMERICAN:CMT) Director Ralph Hellmold sold 4,268 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $25.82, for a total value of $110,199.76. Following the completion of the transaction, the director owned 33,501 shares of the company’s stock, valued at approximately $864,995.82. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Core Molding Technologies Stock Up 0.4%

Shares of NYSEAMERICAN CMT opened at $25.33 on Wednesday. The business’s 50 day moving average price is $23.98 and its 200 day moving average price is $22.80. The firm has a market cap of $224.17 million, a P/E ratio of 29.45 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.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $60.05 million. As a group, research analysts expect that Core Molding Technologies Inc will post 1.04 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Core Molding Technologies

Hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Core Molding Technologies by 5.1% in the fourth quarter. Barclays PLC now owns 14,448 shares of the industrial products company’s stock valued at $290,000 after buying an additional 695 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 period. BNP Paribas Financial Markets lifted its position in shares of 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 valued at $34,000 after buying an additional 763 shares in the last quarter. NewEdge Advisors LLC grew its stake 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 during the period. Finally, Strs Ohio grew its stake in Core Molding Technologies by 3.5% in the 4th quarter. Strs Ohio now owns 26,600 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 58.79% of the company’s stock.

About Core Molding Technologies

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.