Core Molding Technologies (NYSEAMERICAN:CMT) Announces Earnings Results

Core Molding Technologies (NYSEAMERICAN:CMT) posted its earnings results on Tuesday. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24, FiscalAI reports. The business had revenue of $74.68 million for the quarter, compared to analyst estimates of $66.44 million. Core Molding Technologies had a return on equity of 5.88% and a net margin of 3.09%.

Core Molding Technologies Price Performance

NYSEAMERICAN:CMT opened at $18.05 on Tuesday. Core Molding Technologies has a 52 week low of $12.25 and a 52 week high of $22.29. The firm’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $19.46. The firm has a market cap of $159.92 million, a price-to-earnings ratio of 19.20 and a beta of 0.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.39 and a current ratio of 2.90.

Institutional Trading of Core Molding Technologies

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Core Molding Technologies by 31.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 48,322 shares of the industrial products company’s stock valued at $969,000 after buying an additional 11,568 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Core Molding Technologies by 56.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 29,686 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 10,737 shares in the last quarter. Franklin Resources Inc. bought a new stake in Core Molding Technologies during the 3rd quarter worth $211,000. Quantinno Capital Management LP increased its holdings in Core Molding Technologies by 46.2% in the 2nd quarter. Quantinno Capital Management LP now owns 25,769 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 8,146 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Core Molding Technologies by 7.7% in the third quarter. Bridgeway Capital Management LLC now owns 106,517 shares of the industrial products company’s stock valued at $2,189,000 after purchasing an additional 7,643 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 is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company’s core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.

Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.