Royce & Associates LP Buys 10,000 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Royce & Associates LP raised its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,244 shares of the industrial products company’s stock after purchasing an additional 10,000 shares during the period. Royce & Associates LP owned approximately 1.70% of Core Molding Technologies worth $2,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of Core Molding Technologies by 4.9% in the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 593 shares during the period. Rhumbline Advisers lifted its position in Core Molding Technologies by 8.4% in 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 during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Core Molding Technologies during the second quarter worth $27,000. Bank of New York Mellon Corp increased its holdings in Core Molding Technologies by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company’s stock valued at $585,000 after buying an additional 1,856 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Core Molding Technologies by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock valued at $2,156,000 after buying an additional 2,039 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO David L. Duvall sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.29, for a total transaction of $365,800.00. Following the transaction, the chief executive officer now directly owns 338,227 shares in the company, valued at approximately $6,186,171.83. This represents a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John P. Zimmer sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the completion of the sale, the chief financial officer now directly owns 129,212 shares of the company’s stock, valued at approximately $2,408,511.68. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,749 shares of company stock valued at $690,758. 13.10% of the stock is currently owned by insiders.

Core Molding Technologies Stock Down 1.1 %

Shares of CMT stock opened at $16.13 on Wednesday. Core Molding Technologies, Inc. has a one year low of $14.64 and a one year high of $21.00. The firm has a market capitalization of $144.52 million, a P/E ratio of 9.11 and a beta of 1.69. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The company had revenue of $72.99 million for the quarter, compared to the consensus estimate of $71.57 million. Equities research analysts expect that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

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.