Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO Sells $234,388.34 in Stock

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

Core Molding Technologies Price Performance

Shares of CMT opened at $16.51 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $147.93 million, a price-to-earnings 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.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.23 by $0.13. The company 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%. 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 have recently modified their holdings of the stock. Barclays PLC raised its stake in Core Molding Technologies by 278.9% in the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 7,318 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Core Molding Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock valued at $3,012,000 after buying an additional 2,737 shares during the last quarter. State Street Corp lifted its stake in shares of Core Molding Technologies by 0.8% in the third quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock worth $2,709,000 after buying an additional 1,267 shares in the last quarter. Walleye Capital LLC acquired a new position in Core Molding Technologies during the third quarter worth about $195,000. Finally, MetLife Investment Management LLC grew its stake in Core Molding Technologies by 131.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 2,529 shares in the last quarter. 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.