Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Acquires $14,010.00 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) EVP Eric Palomaki bought 1,000 shares of the stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $14.01 per share, with a total value of $14,010.00. Following the completion of the purchase, the executive vice president now directly owns 159,244 shares in the company, valued at approximately $2,231,008.44. This trade represents a 0.63 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, March 17th, Eric Palomaki bought 1,000 shares of Core Molding Technologies stock. The stock was purchased at an average cost of $13.99 per share, with a total value of $13,990.00.

Core Molding Technologies Stock Down 1.1 %

Shares of Core Molding Technologies stock traded down $0.17 during trading on Friday, reaching $14.96. 67,976 shares of the company were exchanged, compared to its average volume of 39,656. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a twelve month low of $12.25 and a twelve month high of $21.00. The stock has a market cap of $134.04 million, a PE ratio of 8.45 and a beta of 1.74.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $22.00 price objective on Core Molding Technologies in a research note on Wednesday, March 12th.

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Institutional Investors Weigh In On Core Molding Technologies

A number of institutional investors have recently made changes to their positions in CMT. Mackenzie Financial Corp bought a new position in Core Molding Technologies during the fourth quarter worth about $446,000. Deutsche Bank AG lifted its holdings in 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 acquiring an additional 3,177 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in 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 acquiring an additional 1,292 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in 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 acquiring an additional 17,894 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in 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 acquiring an additional 1,585 shares in the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.

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.