Empowered Funds LLC Has $623,000 Stock Holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Empowered Funds LLC boosted its stake in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,182 shares of the industrial products company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.41% of Core Molding Technologies worth $623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royce & Associates LP grew its position in shares of Core Molding Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 149,244 shares of the industrial products company’s stock worth $2,568,000 after purchasing an additional 10,000 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Core Molding Technologies by 10.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 149,320 shares of the industrial products company’s stock valued at $2,570,000 after buying an additional 14,039 shares during the period. Inspire Advisors LLC acquired a new stake in Core Molding Technologies during the third quarter worth approximately $326,000. Tieton Capital Management LLC increased its stake in Core Molding Technologies by 151.9% during the 2nd quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock worth $2,830,000 after acquiring an additional 107,041 shares during the period. Finally, American Century Companies Inc. raised its holdings in Core Molding Technologies by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after acquiring an additional 28,376 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Core Molding Technologies news, CFO John P. Zimmer sold 13,653 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $18.30, for a total transaction 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. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 15,749 shares of company stock valued at $287,678 over the last ninety days. 13.10% of the stock is owned by company insiders.

Core Molding Technologies Price Performance

Shares of CMT stock opened at $17.50 on Friday. The stock has a market cap of $156.80 million, a PE ratio of 9.89 and a beta of 1.69. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a 12 month low of $14.64 and a 12 month high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The firm had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. Analysts predict that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current year.

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.