Insider Selling: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells 1,000 Shares of Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO David L. Duvall sold 1,000 shares of Core Molding Technologies stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.47, for a total transaction of $16,470.00. Following the transaction, the chief executive officer now owns 286,381 shares of the company’s stock, valued at $4,716,695.07. The trade was a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Core Molding Technologies Stock Down 1.9 %

CMT stock traded down $0.31 on Tuesday, reaching $16.12. 48,103 shares of the company traded hands, compared to its average volume of 43,551. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a one year low of $14.64 and a one year high of $21.00. The firm has a market cap of $144.44 million, a PE ratio of 9.11 and a beta of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results 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 firm had revenue of $72.99 million during the quarter, compared to the consensus estimate of $71.57 million. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. On average, research analysts forecast that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMT. Ashton Thomas Private Wealth LLC bought a new stake in shares of Core Molding Technologies in the 2nd quarter worth $27,000. LSV Asset Management bought a new stake in Core Molding Technologies in the 2nd quarter worth about $36,000. MetLife Investment Management LLC raised its position in Core Molding Technologies by 131.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,529 shares during the last quarter. Barclays PLC lifted its stake in Core Molding Technologies by 278.9% during the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 7,318 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Core Molding Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 866 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

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.