Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Renee R. Anderson Sells 13,282 Shares

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Renee R. Anderson sold 13,282 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total transaction of $241,333.94. Following the completion of the transaction, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at approximately $1,172,273.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Core Molding Technologies Stock Performance

Shares of Core Molding Technologies stock traded up $0.31 during midday trading on Monday, reaching $17.90. The company had a trading volume of 36,446 shares, compared to its average volume of 46,511. 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 $156.80 million, a P/E ratio of 8.46 and a beta of 1.69. Core Molding Technologies, Inc. has a 1-year low of $14.64 and a 1-year high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share 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 analyst estimates of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. Sell-side analysts predict that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Core Molding Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of CMT. BNP Paribas Financial Markets boosted its stake in Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 593 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Core Molding Technologies by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 797 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 866 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Core Molding Technologies during the fourth quarter worth $27,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Core Molding Technologies during the second quarter worth $27,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

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.