Eric Palomaki Buys 1,000 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $13.99 per share, for a total transaction of $13,990.00. Following the acquisition, the executive vice president now directly owns 160,244 shares of the company’s stock, valued at $2,241,813.56. The trade was a 0.63 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Eric Palomaki also recently made the following trade(s):

• On Friday, March 14th, Eric Palomaki bought 1,000 shares of Core Molding Technologies stock. The stock was acquired at an average cost of $14.01 per share, for a total transaction of $14,010.00.

Core Molding Technologies Price Performance

NYSEAMERICAN:CMT opened at $14.96 on Friday. The firm has a market capitalization of $134.04 million, a P/E ratio of 8.45 and a beta of 1.74. Core Molding Technologies, Inc. has a 12 month low of $12.25 and a 12 month high of $21.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41.

Hedge Funds Weigh In On Core Molding Technologies

Several hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp purchased a new position in shares of Core Molding Technologies during the fourth quarter worth about $446,000. Deutsche Bank AG boosted its stake in shares of Core Molding Technologies by 99.2% during the fourth quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company’s stock worth $106,000 after buying an additional 3,177 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Core Molding Technologies by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 106,674 shares of the industrial products company’s stock worth $1,764,000 after buying an additional 1,292 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Core Molding Technologies by 22.2% during the fourth quarter. Baird Financial Group Inc. now owns 98,327 shares of the industrial products company’s stock worth $1,626,000 after buying an additional 17,894 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Core Molding Technologies by 7.3% during the fourth quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company’s stock worth $386,000 after buying an additional 1,585 shares during the period. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.