Core Molding Technologies (NYSEAMERICAN:CMT) Lowered to Buy at StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN:CMT opened at $16.05 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $146.70 million, a price-to-earnings ratio of 7.72 and a beta of 1.67. Core Molding Technologies has a fifty-two week low of $15.70 and a fifty-two week high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. The business had revenue of $78.15 million during the quarter, compared to analyst estimates of $78.69 million. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. Research analysts expect that Core Molding Technologies will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John P. Zimmer sold 6,595 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.69, for a total transaction of $129,855.55. Following the sale, the chief financial officer now directly owns 157,628 shares in the company, valued at approximately $3,103,695.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO John P. Zimmer sold 6,595 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.69, for a total transaction of $129,855.55. Following the completion of the sale, the chief financial officer now owns 157,628 shares in the company, valued at $3,103,695.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David L. Duvall sold 17,513 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the transaction, the chief executive officer now directly owns 389,577 shares in the company, valued at $7,888,934.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,726 shares of company stock worth $850,887. Company insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On Core Molding Technologies

Several large investors have recently made changes to their positions in CMT. BNP Paribas Financial Markets lifted its position in Core Molding Technologies by 4.9% during the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 593 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Core Molding Technologies by 82.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 797 shares during the last quarter. National Bank of Canada FI purchased a new stake in Core Molding Technologies during the fourth quarter valued at approximately $27,000. Barclays PLC lifted its stake in shares of Core Molding Technologies by 53.1% in the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of 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 during the period. 58.79% of the stock is owned by institutional investors.

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.