Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) CEO David L. Duvall sold 1,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $16.15, for a total transaction of $16,150.00. Following the completion of the sale, the chief executive officer now directly owns 272,431 shares in the company, valued at approximately $4,399,760.65. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Core Molding Technologies Stock Performance
Core Molding Technologies stock traded up $0.25 during midday trading on Monday, reaching $16.45. 41,688 shares of the stock were exchanged, compared to its average volume of 43,627. Core Molding Technologies, Inc. has a 52 week low of $14.64 and a 52 week high of $21.00. 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 firm has a market capitalization of $147.39 million, a PE ratio of 9.29 and a beta of 1.75.
Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $72.99 million for the quarter, compared to analysts' expectations of $71.57 million. As a group, analysts expect that Core Molding Technologies, Inc. will post 1.64 earnings per share 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. Bank of New York Mellon Corp raised its position in shares of Core Molding Technologies by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company's stock valued at $585,000 after buying an additional 1,856 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Core Molding Technologies by 9.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company's stock valued at $2,681,000 after purchasing an additional 14,181 shares in the last quarter. Rhumbline Advisers lifted its stake in Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company's stock worth $178,000 after purchasing an additional 866 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of 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 worth $1,017,000 after purchasing an additional 16,516 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Core Molding Technologies during the 2nd quarter valued at about $36,000. 58.79% of the stock is currently owned by institutional investors.
About Core Molding Technologies
(
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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.
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