Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells $225,209.42 in Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO David L. Duvall sold 13,919 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $16.18, for a total transaction of $225,209.42. Following the completion of the sale, the chief executive officer now owns 257,512 shares of the company’s stock, valued at approximately $4,166,544.16. The trade was a 5.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Core Molding Technologies Stock Up 0.9 %

NYSEAMERICAN CMT opened at $16.59 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. Core Molding Technologies, Inc. has a 1-year low of $14.64 and a 1-year high of $21.00. The firm has a market capitalization of $148.65 million, a PE ratio of 9.37 and a beta of 1.75.

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

Hedge Funds Weigh In On Core Molding Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tieton Capital Management LLC raised its holdings in Core Molding Technologies by 151.9% during the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock valued at $2,830,000 after buying an additional 107,041 shares in the last quarter. American Century Companies Inc. raised 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 acquiring an additional 28,376 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Core Molding Technologies in the 3rd quarter worth approximately $326,000. Acadian Asset Management LLC boosted its position in Core Molding Technologies by 34.9% during the second quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company’s stock worth $1,017,000 after purchasing an additional 16,516 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings 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 purchasing an additional 14,181 shares during the last quarter. Institutional investors own 58.79% of the company’s stock.

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.