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

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) EVP Eric Palomaki purchased 1,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $14.01 per share, for a total transaction of $14,010.00. Following the purchase, the executive vice president now directly owns 159,244 shares in the company, valued at approximately $2,231,008.44. The trade was a 0.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 17th, Eric Palomaki purchased 1,000 shares of Core Molding Technologies stock. The shares were acquired at an average price of $13.99 per share, for a total transaction of $13,990.00.

Core Molding Technologies Trading Up 3.6 %

Shares of CMT stock opened at $15.13 on Friday. The firm has a market capitalization of $135.56 million, a price-to-earnings ratio of 8.55 and a beta of 1.74. Core Molding Technologies, Inc. has a 52 week low of $12.25 and a 52 week 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.

Institutional Trading of Core Molding Technologies

Several hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new stake in Core Molding Technologies in the 4th quarter worth $446,000. Deutsche Bank AG increased its holdings in shares of Core Molding Technologies by 99.2% in the 4th 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 last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Core Molding Technologies by 1.2% in the 4th 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. Baird Financial Group Inc. increased its holdings in shares of Core Molding Technologies by 22.2% in the 4th 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 last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Core Molding Technologies by 7.3% in the 4th 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. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Analysts Set New Price Targets

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

Core Molding Technologies Company 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.