Baird Financial Group Inc. Purchases 17,894 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Baird Financial Group Inc. boosted its stake in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Free Report) by 22.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 98,327 shares of the industrial products company's stock after buying an additional 17,894 shares during the period. Baird Financial Group Inc. owned approximately 1.10% of Core Molding Technologies worth $1,626,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CMT. Bank of America Corp DE lifted its stake in Core Molding Technologies by 7.3% in the 4th quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company's stock valued at $386,000 after acquiring an additional 1,585 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new stake in shares of Core Molding Technologies in the fourth quarter valued at approximately $399,000. Northern Trust Corp lifted its position in shares of Core Molding Technologies by 8.3% in the fourth quarter. Northern Trust Corp now owns 67,572 shares of the industrial products company's stock worth $1,118,000 after purchasing an additional 5,202 shares in the last quarter. Barclays PLC boosted its holdings in Core Molding Technologies by 14.3% during the fourth quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock worth $188,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Core Molding Technologies in the fourth quarter valued at $676,000. 58.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $22.00 target price on Core Molding Technologies in a research report on Wednesday, March 12th.

Core Molding Technologies Price Performance

CMT stock traded down $0.06 during midday trading on Friday, reaching $15.60. The company had a trading volume of 18,642 shares, compared to its average volume of 39,182. The company's 50 day simple moving average is $14.95. Core Molding Technologies, Inc. has a 1-year low of $12.25 and a 1-year high of $20.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. The stock has a market capitalization of $139.78 million, a P/E ratio of 8.81 and a beta of 1.74.

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.