David L. Duvall Sells 1,000 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO David L. Duvall sold 1,000 shares of Core Molding Technologies stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $16.15, for a total value of $16,150.00. Following the completion of the sale, the chief executive officer now owns 272,431 shares in the company, valued at $4,399,760.65. This represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Core Molding Technologies Stock Performance

Shares of CMT opened at $16.59 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. The stock has a market capitalization of $148.65 million, a P/E ratio of 9.37 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.

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, beating analysts’ consensus estimates of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The business had revenue of $72.99 million for the quarter, compared to the consensus estimate of $71.57 million. On average, analysts forecast that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Core Molding Technologies by 5.3% in the second 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 boosted its position in Core Molding Technologies by 9.2% in the 2nd 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 during the period. Rhumbline Advisers grew its stake in shares of Core Molding Technologies by 8.4% in the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 866 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Core Molding Technologies by 34.9% in the second 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 shares of Core Molding Technologies in the second quarter valued at $36,000. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

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.