Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Sells $17,532.00 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Renee R. Anderson sold 974 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $18.00, for a total transaction of $17,532.00. Following the completion of the transaction, the executive vice president now directly owns 48,299 shares of the company’s stock, valued at $869,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Core Molding Technologies Stock Down 0.1 %

NYSEAMERICAN:CMT opened at $18.07 on Thursday. 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 firm has a market cap of $158.25 million, a PE ratio of 8.69 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.31. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. The company had revenue of $88.74 million during the quarter, compared to analysts’ expectations of $78.75 million. As a group, research analysts predict that Core Molding Technologies, Inc. will post 1.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in Core Molding Technologies in the 4th quarter valued at about $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Core Molding Technologies during the second quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Core Molding Technologies during the second quarter worth approximately $36,000. Public Employees Retirement System of Ohio purchased a new stake in Core Molding Technologies in the 1st quarter worth approximately $155,000. Finally, Rhumbline Advisers raised its holdings in Core Molding Technologies by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 866 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

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.