David L. Duvall Sells 4,500 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Stock

On December 26, 2024, David L. Duvall, the CEO of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT), sold 4,500 shares of the company’s stock. The sale occurred at an average price of $16.47 per share, totaling $74,115.00. After this transaction, Duvall owns 238,841 shares of the company, which are valued at approximately $3,933,711.27. This sale represents a 1.85% decrease in his ownership in Core Molding Technologies. The transaction details were made public through a filing with the Securities and Exchange Commission (SEC).

Core Molding Technologies Price Performance

As of Friday, CMT shares opened at $16.51. The company has a debt-to-equity ratio of 0.14, indicating low financial risk. It also reports a quick ratio of 1.98 and a current ratio of 2.41. The market capitalization of Core Molding Technologies stands at $147.93 million, with a price-to-earnings (P/E) ratio of 9.33 and a beta of 1.75, suggesting moderate volatility. Over the past year, CMT shares have fluctuated, reaching a low of $14.64 and a high of $21.00.

Recent Earnings Results

Core Molding Technologies recently disclosed its quarterly earnings on November 5th. The company reported earnings per share (EPS) of $0.36 for the quarter, surpassing analyst expectations of $0.23 by $0.13. Revenue for the quarter was recorded at $72.99 million, exceeding the anticipated $71.57 million. The company achieved a return on equity of 10.76% and had a net margin of 4.95%. Looking ahead, analysts forecast that Core Molding Technologies will post an EPS of 1.64 for the ongoing fiscal year.

Institutional Investor Activity

In recent months, several institutional investors have made significant transactions in Core Molding Technologies. For instance, Barclays PLC increased its stake in the company by 278.9% during the third quarter, now holding 9,942 shares worth $172,000. Geode Capital Management LLC also increased its stake by 1.6%, rising to 174,999 shares valued at $3,012,000. Additionally, State Street Corp lifted its holdings by 0.8%, bringing its total to 157,430 shares. Other notable transactions include Walleye Capital LLC acquiring a new stake worth $195,000 and MetLife Investment Management LLC boosting its position by 131.0%. Institutional investors now collectively own approximately 58.79% of Core Molding Technologies' shares.

Company Overview

Core Molding Technologies, Inc., along with its subsidiaries, is engaged in molding thermoplastic and thermoset structural products. The company employs various manufacturing processes, which include compression molding of sheet molding compound, resin transfer molding, liquid molding, spray-up, and hand-lay-up processes, as well as structural foam and structural web injection molding.

Duvall, CMT, Shares, Sale, Earnings