Rhumbline Advisers increased its position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Rhumbline Advisers increased its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,174 shares of the industrial products company’s stock after purchasing an additional 866 shares during the period. Rhumbline Advisers’ holdings in Core Molding Technologies were worth $178,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Gendell Jeffrey L raised its stake in Core Molding Technologies by 38.4% in the fourth quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock valued at $1,423,000 after purchasing an additional 21,290 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Core Molding Technologies by 45.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock valued at $2,915,000 after acquiring an additional 47,826 shares during the period. Denali Advisors LLC boosted its stake in Core Molding Technologies by 26.7% in the first quarter. Denali Advisors LLC now owns 24,700 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 5,200 shares in the last quarter. BNP Paribas Financial Markets raised its position in Core Molding Technologies by 4.9% in the first 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. Finally, Empowered Funds LLC raised its stake in shares of Core Molding Technologies by 7.7% in the 1st quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock valued at $608,000 after buying an additional 2,287 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company’s shares.

The Wall Street analyst weighs in

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

Check out our latest analysis of core casting technologies

Insider trading at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 11,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $17.94, for a total transaction of $197,340.00. Following the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at approximately $6,752,203.38. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In related news, CEO David L. Duvall sold 11,000 shares of Core Molding Technologies stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total value of $197,340.00. Following the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at approximately $6,752,203.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, CEO David L. Duvall sold 20,000 shares of Core Molding Technologies 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 completion of the transaction, the chief executive officer now directly owns 338,227 shares in the company, valued at $6,186,171.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,411 shares of company stock worth $1,333,020. Company insiders own 13.10% of the company’s shares.

Core Molding Technologies Trading Up 0.2%

NYSEAMERICAN CMT opened at $17.93 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.86, and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a 12-month low of $14.64 and a 12-month high of $30.09. The stock has a market cap of $157.07 million, a P/E ratio of 8.62 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.31. The firm had revenue of $88.74 million during the quarter, compared to the consensus estimate of $78.75 million. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. As a group, research analysts anticipate that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current year.

Profile of basic casting technologies

(Free report)

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a wide range of manufacturing processes that include sheet molding compound compression molding, resin transfer molding, dicyclopentadiene liquid molding, hand spray and stretch, long fiber direct thermoplastics, and structural foam injection molding and structural tape. .

Further reading

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