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

Key Points

• Director Ralph Hellmold sold 4,268 shares of Core Molding Technologies at an average price of $25.82, totaling $110,199.76. The sale reduced his stake by 11.3% to 33,501 shares.
• Core Molding shares fell 4.7% to $25.23 during Monday trading, though the company recently reported quarterly EPS of $0.39, beating estimates of $0.21, and revenue of $62.73 million versus expectations of $60.05 million.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and a $30 price target; institutional investors own approximately 58.79% of the shares.

Core Molding Technologies Inc (NYSEAMERICAN:CMT - Get Free Report) Director Ralph Hellmold sold 4,268 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $25.82, for a total value of $110,199.76. Following the sale, 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 legal filing with the SEC, which is available at this hyperlink.

Core Molding Technologies Trading Down 4.7%

Shares of CMT stock traded down $1.24 during mid-day trading on Monday, reaching $25.23. The stock had a trading volume of 24,352 shares, compared to its average volume of 28,837. Core Molding Technologies Inc has a 1-year low of $16.60 and a 1-year high of $28.69. The firm has a market cap of $223.29 million, a price-to-earnings ratio of 29.34 and a beta of 0.44. The business's fifty day moving average is $23.90 and its 200-day moving average is $22.70.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) 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. Core Molding Technologies had a return on equity of 4.64% and a net margin of 2.89%.The firm had revenue of $62.73 million for the quarter, compared to analyst estimates of $60.05 million. On average, analysts forecast that Core Molding Technologies Inc will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Core Molding Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in shares of Core Molding Technologies by 83.8% in the third quarter. BNP Paribas Financial Markets now owns 1,673 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 763 shares during the period. NewEdge Advisors LLC raised its position in shares of Core Molding Technologies by 70.8% during the 4th quarter. NewEdge Advisors LLC now owns 1,937 shares of the industrial products company's stock worth $39,000 after purchasing an additional 803 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Core Molding Technologies in the 4th quarter valued at about $43,000. Global Retirement Partners LLC acquired a new stake in Core Molding Technologies in the 2nd quarter worth about $59,000. Finally, JPMorgan Chase & Co. boosted its holdings in Core Molding Technologies by 18.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company's stock worth $78,000 after buying an additional 738 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMT has been the topic of several analyst reports. Zacks Research raised Core Molding Technologies from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Roth Capital reissued a "buy" rating and issued a $30.00 price objective on shares of Core Molding Technologies in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Core Molding Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Core Molding Technologies Company Profile

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.

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