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 business’s stock in a transaction that occurred 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 owns 238,841 shares in the company, valued at $3,933,711.27. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Core Molding Technologies Stock Performance

Core Molding Technologies stock opened at $16.51 on Monday. The company has a market capitalization of $147.93 million, a price-to-earnings ratio of 9.33 and a beta of 1.75. Core Molding Technologies, Inc. has a 1 year low of $14.64 and a 1 year high of $21.00. 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 (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. The company had revenue of $72.99 million for the quarter, compared to analyst estimates of $71.57 million. Equities research analysts forecast that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current year.

Institutional Trading of Core Molding Technologies

A number of hedge funds have recently bought and sold shares of CMT. Bank of New York Mellon Corp raised its stake in Core Molding Technologies by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,856 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 buying an additional 14,181 shares in the last quarter. Rhumbline Advisers raised its position in Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after buying an additional 866 shares during the period. Acadian Asset Management LLC lifted its stake in Core Molding Technologies by 34.9% in the 2nd quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company’s stock worth $1,017,000 after acquiring an additional 16,516 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in Core Molding Technologies during the 2nd quarter worth about $36,000. 58.79% of the stock is owned by hedge funds and other institutional investors.

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.