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

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

Core Molding Technologies Stock Performance

Shares of CMT stock opened at $15.94 on Friday. The company has a market cap of $145.69 million, a price-to-earnings ratio of 7.66 and a beta of 1.67. Core Molding Technologies has a 1 year low of $15.70 and a 1 year high of $30.09. The company has a current ratio of 2.44, a quick ratio of 1.88 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share (EPS) 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 analyst estimates of $78.69 million. As a group, sell-side analysts forecast that Core Molding Technologies will post 1.6 EPS for the current year.

Insider Activity

In other Core Molding Technologies news, CEO David L. Duvall sold 17,513 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 389,577 shares in the company, valued at $7,888,934.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Ralph O. Hellmold sold 1,696 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $32,512.32. Following the completion of the transaction, the director now owns 33,248 shares in the company, valued at approximately $637,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David L. Duvall sold 17,513 shares of the firm’s stock in a transaction dated 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 owns 389,577 shares of the company’s stock, valued at $7,888,934.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,726 shares of company stock worth $850,887. 13.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Core Molding Technologies

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Core Molding Technologies by 53.1% in the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,517 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Core Molding Technologies during the third quarter worth $349,000. O Shaughnessy Asset Management LLC raised its holdings in Core Molding Technologies by 7.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 67,261 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 4,619 shares during the period. Wellington Management Group LLP raised its stake in shares of Core Molding Technologies by 55.4% in the 3rd quarter. Wellington Management Group LLP now owns 51,900 shares of the industrial products company’s stock valued at $1,479,000 after acquiring an additional 18,500 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Core Molding Technologies in the 3rd quarter worth approximately $125,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.

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.