Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Sells $13,006.38 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Renee R. Anderson sold 717 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $18.14, for a total transaction of $13,006.38. Following the sale, the executive vice president now owns 38,792 shares in the company, valued at approximately $703,686.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Core Molding Technologies Price Performance

CMT stock opened at $18.55 on Friday. Core Molding Technologies, Inc. has a 52 week low of $14.64 and a 52 week high of $30.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86. The stock has a market cap of $162.50 million, a PE ratio of 9.47 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.31. The business had revenue of $88.74 million during the quarter, compared to analysts’ expectations of $78.75 million. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. On average, analysts predict that Core Molding Technologies, Inc. will post 1.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 29th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Tieton Capital Management LLC grew its stake in Core Molding Technologies by 151.9% during the 2nd quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock valued at $2,830,000 after acquiring an additional 107,041 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Core Molding Technologies by 1.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock valued at $2,156,000 after purchasing an additional 2,039 shares in the last quarter. American Century Companies Inc. grew its position in shares of Core Molding Technologies by 19.1% in the second quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after purchasing an additional 28,376 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Core Molding Technologies in the second quarter valued at approximately $27,000. Finally, LSV Asset Management purchased a new position in Core Molding Technologies during the second quarter worth approximately $36,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Core Molding Technologies Company Profile

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.