Ralph Hellmold Sells 4,268 Shares of Core Molding Technologies (NYSEAMERICAN:CMT) Stock

Core Molding Technologies Inc (NYSEAMERICAN:CMT) Director Ralph Hellmold sold 4,268 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $25.82, for a total value of $110,199.76. Following the completion of the transaction, the director owned 33,501 shares in the company, valued at $864,995.82. The trade was a 11.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Core Molding Technologies Trading Down 4.7%

CMT traded down $1.24 on Monday, hitting $25.23. 24,352 shares of the company’s stock were exchanged, compared to its average volume of 28,837. Core Molding Technologies Inc has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The stock has a market cap of $223.29 million, a price-to-earnings ratio of 29.34 and a beta of 0.44. The firm has a 50-day moving average price of $23.90 and a 200-day moving average price of $22.70.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. The business had revenue of $62.73 million during the quarter, compared to analysts’ expectations of $60.05 million. Core Molding Technologies had a net margin of 2.89% and a return on equity of 4.64%. On average, equities analysts predict that Core Molding Technologies Inc will post 1.04 EPS for the current year.

Institutional Trading of Core Molding Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Core Molding Technologies by 112.6% in the 1st quarter. Sei Investments Co. now owns 225,532 shares of the industrial products company’s stock valued at $5,052,000 after purchasing an additional 119,457 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Core Molding Technologies by 17.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 198,163 shares of the industrial products company’s stock valued at $3,973,000 after buying an additional 30,062 shares during the period. Strs Ohio increased its holdings in shares of Core Molding Technologies by 3.5% during the 4th quarter. Strs Ohio now owns 26,600 shares of the industrial products company’s stock worth $533,000 after buying an additional 900 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Core Molding Technologies by 17.5% during the 4th quarter. Ritholtz Wealth Management now owns 59,525 shares of the industrial products company’s stock valued at $1,193,000 after buying an additional 8,862 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Core Molding Technologies during the 2nd quarter valued at approximately $5,090,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMT has been the subject of a number of recent research reports. Zacks Research upgraded shares of Core Molding Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital restated a “buy” rating and set a $30.00 target price on shares of Core Molding Technologies in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

About Core Molding Technologies

Core Molding Technologies is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company’s core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.

Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.