Insider Buying: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Purchases 1,000 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) EVP Eric Palomaki purchased 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $13,990.00. Following the completion of the acquisition, the executive vice president now owns 160,244 shares of the company's stock, valued at approximately $2,241,813.56. This represents a 0.63 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

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

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN:CMT traded down $0.17 during midday trading on Friday, reaching $14.96. The company had a trading volume of 67,976 shares, compared to its average volume of 39,656. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. The company has a market cap of $134.04 million, a P/E ratio of 8.45 and a beta of 1.74. Core Molding Technologies, Inc. has a 1-year low of $12.25 and a 1-year high of $21.00.

Analyst Ratings Changes

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

Remove Ads

Institutional Trading of Core Molding Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of CMT. American Century Companies Inc. increased its position in Core Molding Technologies by 0.6% during the fourth quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock worth $3,291,000 after buying an additional 1,191 shares during the last quarter. State Street Corp increased its position in Core Molding Technologies by 0.8% during the third quarter. State Street Corp now owns 157,430 shares of the industrial products company's stock worth $2,709,000 after buying an additional 1,267 shares during the last quarter. Bridgeway Capital Management LLC increased its position 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 buying an additional 1,292 shares during the last quarter. Barclays PLC increased its position in Core Molding Technologies by 14.3% during the fourth quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock worth $188,000 after buying an additional 1,426 shares during the last quarter. Finally, Bank of America Corp DE increased its position 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 buying an additional 1,585 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company's stock.

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.