Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Stock Holdings Lifted by Tieton Capital Management LLC

Tieton Capital Management LLC lifted its stake in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 151.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,521 shares of the industrial products company’s stock after acquiring an additional 107,041 shares during the quarter. Core Molding Technologies accounts for 1.6% of Tieton Capital Management LLC’s portfolio, making the stock its 25th largest holding. Tieton Capital Management LLC owned 1.94% of Core Molding Technologies worth $2,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Core Molding Technologies by 12.8% during the first quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock valued at $8,229,000 after acquiring an additional 49,501 shares during the period. American Century Companies Inc. grew its position in Core Molding Technologies by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after purchasing an additional 28,376 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Core Molding Technologies by 9.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock valued at $2,681,000 after purchasing an additional 14,181 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Core Molding Technologies by 1.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock worth $2,156,000 after buying an additional 2,039 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Core Molding Technologies by 8.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 133,550 shares of the industrial products company’s stock valued at $2,475,000 after buying an additional 10,800 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, EVP Renee R. Anderson sold 13,282 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $18.17, for a total value of $241,333.94. Following the completion of the sale, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at approximately $1,172,273.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Core Molding Technologies news, CFO John P. Zimmer sold 13,653 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $18.30, for a total value of $249,849.90. Following the sale, the chief financial officer now owns 115,559 shares of the company’s stock, valued at approximately $2,114,729.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Renee R. Anderson sold 13,282 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total transaction of $241,333.94. Following the transaction, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at $1,172,273.89. The disclosure for this sale can be found here. Insiders sold a total of 72,694 shares of company stock worth $1,320,014 over the last three months. 13.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN CMT opened at $18.36 on Tuesday. 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 52 week low of $14.64 and a 52 week high of $30.09. The stock has a market cap of $160.83 million, a PE ratio of 8.83 and a beta of 1.67.

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

Core Molding Technologies Profile

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.