Core Molding Technologies, Inc. (CMT) Shares Sold by LSV Asset Management
LSV Asset Management decreased its holdings in shares of Core Molding Technologies, Inc. (NYSEMKT:CMT) by 33.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,036 shares of the industrial products company’s stock after selling 33,185 shares during the period. LSV Asset Management owned 0.86% of Core Molding Technologies worth $1,448,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Core Molding Technologies in the second quarter worth approximately $144,000. Eagle Global Advisors LLC purchased a new stake in shares of Core Molding Technologies in the second quarter worth approximately $219,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Core Molding Technologies in the second quarter worth approximately $268,000. Seizert Capital Partners LLC raised its stake in shares of Core Molding Technologies by 5.2% in the second quarter. Seizert Capital Partners LLC now owns 27,911 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in shares of Core Molding Technologies by 3.3% in the second quarter. Stanley Laman Group Ltd. now owns 28,575 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 907 shares during the last quarter.
Shares of Core Molding Technologies, Inc. (NYSEMKT CMT) opened at 21.81 on Friday. The stock has a market capitalization of $171.38 million, a P/E ratio of 24.21 and a beta of 1.26. Core Molding Technologies, Inc. has a 52 week low of $13.55 and a 52 week high of $24.50. The stock has a 50 day moving average price of $21.01 and a 200 day moving average price of $19.76.
Core Molding Technologies (NYSEMKT:CMT) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Core Molding Technologies had a net margin of 4.56% and a return on equity of 8.65%. The company had revenue of $47.37 million during the quarter. On average, equities research analysts expect that Core Molding Technologies, Inc. will post $0.75 EPS for the current year.
The company also recently disclosed a special dividend, which was paid on Wednesday, August 30th. Investors of record on Friday, August 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 16th.
In other Core Molding Technologies news, Director James F. Crowley sold 3,375 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $21.65, for a total transaction of $73,068.75. Following the completion of the sale, the director now directly owns 14,339 shares in the company, valued at approximately $310,439.35. The sale was disclosed in a document filed with the SEC, which is available through this link.
About Core Molding Technologies
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
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