Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer Sells 7,600 Shares

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CFO John P. Zimmer sold 7,600 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $17.78, for a total value of $135,128.00. Following the completion of the sale, the chief financial officer now directly owns 107,959 shares of the company’s stock, valued at approximately $1,919,511.02. The trade was a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core Molding Technologies Stock Performance

CMT opened at $16.52 on Friday. 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 $147.97 million, a P/E ratio of 9.33 and a beta of 1.69. 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 issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating 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 net margin of 4.95% and a return on equity of 10.76%. As a group, research analysts expect that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after buying an additional 49,501 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Core Molding Technologies by 187.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock worth $1,445,000 after purchasing an additional 49,764 shares in the last quarter. American Century Companies Inc. raised its stake in 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 worth $2,821,000 after purchasing an additional 28,376 shares in the last quarter. Acadian Asset Management LLC boosted its holdings 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 valued at $1,017,000 after purchasing an additional 16,516 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Core Molding Technologies by 9.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock worth $2,681,000 after purchasing an additional 14,181 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

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.