Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells 13,919 Shares of Stock

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

Core Molding Technologies Trading Up 0.9 %

Shares of CMT opened at $16.59 on Wednesday. Core Molding Technologies, Inc. has a one year low of $14.64 and a one year high of $21.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. The company has a market cap of $148.65 million, a P/E ratio of 9.37 and a beta of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT) last released 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. The business had revenue of $72.99 million during the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. Equities analysts anticipate that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of Core Molding Technologies

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of 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 worth $585,000 after acquiring 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% in 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 period. Rhumbline Advisers increased 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 worth $178,000 after purchasing an additional 866 shares during the last quarter. Acadian Asset Management LLC raised its stake 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, LSV Asset Management acquired a new position in Core Molding Technologies in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds 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.