Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells 14,171 Shares

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO David L. Duvall sold 14,171 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $16.54, for a total value of $234,388.34. Following the completion of the sale, the chief executive officer now directly owns 243,341 shares in the company, valued at $4,024,860.14. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Core Molding Technologies Stock Down 0.4 %

Shares of NYSEAMERICAN CMT traded down $0.07 on Friday, hitting $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 market capitalization of $147.93 million, a PE ratio of 9.33 and a beta of 1.75. Core Molding Technologies, Inc. has a 12-month low of $14.64 and a 12-month 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.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) 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 analysts’ expectations 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 EPS for the current fiscal year.

Hedge Funds Weigh In On Core Molding Technologies

Institutional investors have recently added to or reduced their stakes in the business. Tieton Capital Management LLC increased its holdings in shares of Core Molding Technologies by 151.9% during the 2nd quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock worth $2,830,000 after buying an additional 107,041 shares during the last quarter. American Century Companies Inc. raised its holdings 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 worth $2,821,000 after purchasing an additional 28,376 shares during the period. Inspire Advisors LLC acquired a new position in shares of Core Molding Technologies in the 3rd quarter valued at about $326,000. Acadian Asset Management LLC grew its holdings in shares of Core Molding Technologies by 34.9% during the 2nd 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 increased its position in 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.

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.