Core Molding Technologies (NYSEAMERICAN:CMT) Stock Rating Upgraded by StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Core Molding Technologies Stock Performance

Shares of Core Molding Technologies stock opened at $18.98 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.88 and a current ratio of 2.44. The firm has a market cap of $173.48 million, a PE ratio of 9.13 and a beta of 1.66. Core Molding Technologies has a 12 month low of $16.00 and a 12 month high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. The firm had revenue of $78.15 million for the quarter, compared to the consensus estimate of $78.69 million. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. On average, equities research analysts forecast that Core Molding Technologies will post 1.6 earnings per share for the current year.

Insider Transactions at Core Molding Technologies

In other news, CEO David L. Duvall sold 17,513 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.25, for a total transaction of $354,638.25. Following the sale, the chief executive officer now owns 389,577 shares in the company, valued at $7,888,934.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David L. Duvall sold 17,513 shares of Core Molding Technologies stock in a transaction on Monday, May 13th. The shares were sold at an average price of $20.25, for a total transaction of $354,638.25. Following the completion of the sale, the chief executive officer now directly owns 389,577 shares in the company, valued at $7,888,934.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John P. Zimmer sold 8,834 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $20.01, for a total transaction of $176,768.34. Following the sale, the chief financial officer now directly owns 164,223 shares in the company, valued at $3,286,102.23. The disclosure for this sale can be found here. Insiders sold 34,948 shares of company stock valued at $698,544 in the last quarter. 13.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Core Molding Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Core Molding Technologies by 187.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock valued at $1,445,000 after buying an additional 49,764 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Core Molding Technologies during the first quarter valued at approximately $155,000. Vanguard Group Inc. lifted its holdings in Core Molding Technologies by 12.8% in the first quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock valued at $8,229,000 after acquiring an additional 49,501 shares during the period. Empowered Funds LLC boosted its position in Core Molding Technologies by 7.7% in the 1st quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock worth $608,000 after purchasing an additional 2,287 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Core Molding Technologies by 4.9% during the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 593 shares during the period. 58.79% of the stock is currently owned by institutional investors and hedge funds.

About Core Molding Technologies

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.