Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells $74,115.00 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO David L. Duvall sold 4,500 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $16.47, for a total transaction of $74,115.00. Following the completion of the sale, the chief executive officer now directly owns 238,841 shares of the company’s stock, valued at approximately $3,933,711.27. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Core Molding Technologies Stock Performance

Shares of NYSEAMERICAN CMT traded down $0.07 during mid-day trading on Friday, reaching $16.51. The company’s stock had a trading volume of 44,975 shares, compared to its average volume of 43,596. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a 52 week low of $14.64 and a 52 week high of $21.00. The firm has a market cap of $147.93 million, a price-to-earnings ratio of 9.33 and a beta of 1.75.

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

Hedge Funds Weigh In On Core Molding Technologies

Several institutional investors have recently bought and sold shares of CMT. Tieton Capital Management LLC lifted its holdings in shares of Core Molding Technologies by 58.9% in the 3rd quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company’s stock valued at $4,854,000 after acquiring an additional 104,515 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 28,376 shares during the last quarter. Geode Capital Management LLC boosted its stake in Core Molding Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after buying an additional 2,737 shares during the period. Allspring Global Investments Holdings LLC increased its position in Core Molding Technologies by 9.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock valued at $2,681,000 after acquiring an additional 14,181 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Core Molding Technologies by 0.8% in the third quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock valued at $2,709,000 after acquiring an additional 1,267 shares during the period. Institutional investors own 58.79% of the company’s stock.

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.