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

On December 26th, 2024, David L. Duvall, the CEO of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT), executed a sale of 4,500 shares of the company’s stock. The shares were sold at an average price of $16.47, which brought the total transaction value to $74,115. Following this sale, Duvall's ownership in Core Molding has decreased by 1.85%. He now holds 238,841 shares, which are valued at approximately $3,933,711.27. This transaction was officially reported in a filing with the Securities and Exchange Commission (SEC).

Core Molding Technologies Stock Performance

On the following day, Core Molding Technologies' shares opened at $16.51. The company is noted for its strong financial metrics, including a debt-to-equity ratio of 0.14, a quick ratio of 1.98, and a current ratio of 2.41. As of now, its market capitalization stands at $147.93 million, with a price-to-earnings (PE) ratio of 9.33 and a beta of 1.75. Over the last year, the stock has reached a low of $14.64 and a high of $21.00.

Company Earnings Report

Core Molding Technologies recently announced its quarterly earnings results on November 5th. The company reported earnings of $0.36 per share (EPS), surpassing the consensus estimate of $0.23 by $0.13. During that quarter, Core Molding reported revenues of $72.99 million, exceeding expectations of $71.57 million. The company achieved a return on equity of 10.76% and a net profit margin of 4.95%. Analysts predict that Core Molding Technologies will report an EPS of 1.64 for the current fiscal year.

Institutional Involvement

Several institutional investors have recently made adjustments to their stakes in Core Molding Technologies. Notably, Barclays PLC has increased its holdings by 278.9% in the third quarter, acquiring a total of 9,942 shares valued at about $172,000. Similarly, Geode Capital Management LLC has raised its stake by 1.6%, owning 174,999 shares worth around $3,012,000. Other firms such as State Street Corp, Walleye Capital LLC, and MetLife Investment Management LLC have also taken steps to increase or establish their positions. Currently, institutional and hedge fund investors hold approximately 58.79% of the company's stock.

About Core Molding Technologies

Core Molding Technologies, Inc. operates within the industrial sector, specializing in molding thermoplastic and thermoset structural products. The company employs various manufacturing techniques, including compression molding, resin transfer molding, and spray-up processes, among others.

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