Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Free Report) by 1,648.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,161 shares of the industrial products company's stock after purchasing an additional 100,091 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.17% of Core Molding Technologies worth $1,967,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMT. Barclays PLC raised its stake in shares of Core Molding Technologies by 53.1% during 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. Ritholtz Wealth Management raised its stake in shares of Core Molding Technologies by 5.6% during the 3rd quarter. Ritholtz Wealth Management now owns 32,867 shares of the industrial products company's stock worth $936,000 after acquiring an additional 1,751 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Core Molding Technologies during the 3rd quarter worth approximately $103,000. Bank of New York Mellon Corp raised its stake in shares of Core Molding Technologies by 16.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 26,108 shares of the industrial products company's stock worth $744,000 after acquiring an additional 3,638 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Core Molding Technologies during the 3rd quarter worth approximately $125,000. Institutional investors own 58.79% of the company's stock.

Core Molding Technologies Stock Down 2.3 %

Shares of CMT stock traded down $0.46 during trading hours on Monday, hitting $19.34. The company's stock had a trading volume of 39,231 shares, compared to its average volume of 53,493. The company has a market capitalization of $176.96 million, a P/E ratio of 8.37 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 1.75. Core Molding Technologies, Inc. has a 12-month low of $16.00 and a 12-month high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.19. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. The firm had revenue of $73.78 million for the quarter, compared to the consensus estimate of $69.60 million. As a group, equities research analysts forecast that Core Molding Technologies, Inc. will post 1.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Core Molding Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 16th.

Core Molding Technologies 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.