Allspring Global Investments Holdings LLC Buys 47,826 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Allspring Global Investments Holdings LLC increased its position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 45.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,987 shares of the industrial products company’s stock after buying an additional 47,826 shares during the period. Allspring Global Investments Holdings LLC owned 1.68% of Core Molding Technologies worth $2,915,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Core Molding Technologies in the 3rd quarter worth about $125,000. Hillsdale Investment Management Inc. increased its stake in Core Molding Technologies by 8.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 133,550 shares of the industrial products company’s stock worth $2,475,000 after acquiring an additional 10,800 shares during the last quarter. Wellington Management Group LLP raised its position in Core Molding Technologies by 55.4% during the third quarter. Wellington Management Group LLP now owns 51,900 shares of the industrial products company’s stock valued at $1,479,000 after purchasing an additional 18,500 shares during the period. National Bank of Canada FI bought a new stake in shares of Core Molding Technologies in the 4th quarter valued at approximately $27,000. Finally, Jump Financial LLC boosted its holdings in shares of Core Molding Technologies by 62.7% in the 4th quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 4,579 shares during the period. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Insider Activity at Core Molding Technologies

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

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN:CMT opened at $15.91 on Wednesday. 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 company has a market capitalization of $145.42 million, a P/E ratio of 7.52 and a beta of 1.69. Core Molding Technologies, Inc. has a 52 week low of $15.30 and a 52 week high of $30.09.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Core Molding Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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.