Allspring Global Investments Holdings LLC Has $1.97 Million Stock Holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Allspring Global Investments Holdings LLC raised its holdings in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 1,648.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 106,161 shares of the industrial products company’s stock after acquiring an additional 100,091 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Core Molding Technologies were worth $1,967,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. UBS Group AG acquired a new stake in shares of Core Molding Technologies during the fourth quarter worth $33,000. FMR LLC boosted its holdings in Core Molding Technologies by 395.6% during the third quarter. FMR LLC now owns 1,239 shares of the industrial products company’s stock worth $35,000 after buying an additional 989 shares during the last quarter. Bank of America Corp DE grew its position in shares of Core Molding Technologies by 51.4% during the 1st quarter. Bank of America Corp DE now owns 2,016 shares of the industrial products company’s stock worth $36,000 after buying an additional 684 shares during the period. Fortis Capital Advisors LLC bought a new stake in shares of Core Molding Technologies in the 4th quarter valued at about $46,000. Finally, Citigroup Inc. acquired a new stake in shares of Core Molding Technologies in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Core Molding Technologies Trading Up 4.0 %

NYSEAMERICAN:CMT opened at $19.80 on Monday. Core Molding Technologies, Inc. has a 52-week low of $16.00 and a 52-week high of $30.09. The stock has a market cap of $181.17 million, a P/E ratio of 8.57 and a beta of 1.67. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.19. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. The company had revenue of $73.78 million during the quarter, compared to analysts’ expectations of $69.60 million. As a group, analysts forecast that Core Molding Technologies, Inc. will post 1.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 16th.

About Core Molding Technologies

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.