David L. Duvall Sells 9,970 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Stock

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) CEO David L. Duvall sold 9,970 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $16.07, for a total transaction of $160,217.90. Following the sale, the chief executive officer now directly owns 218,510 shares of the company’s stock, valued at $3,511,455.70. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Core Molding Technologies Trading Up 3.2%

Shares of CMT opened at $16.50 on Wednesday. Core Molding Technologies, Inc. has a 12-month low of $12.25 and a 12-month high of $19.20. The company’s fifty day moving average is $15.44. The stock has a market capitalization of $147.84 million, a price-to-earnings ratio of 9.32 and a beta of 1.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98.

Institutional Trading of Core Molding Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Inspire Advisors LLC lifted its stake in Core Molding Technologies by 3.3% in the first quarter. Inspire Advisors LLC now owns 27,085 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 871 shares during the period. American Century Companies Inc. boosted its holdings in shares of Core Molding Technologies by 0.6% in the 4th quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company’s stock valued at $3,291,000 after buying an additional 1,191 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Core Molding Technologies by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 106,674 shares of the industrial products company’s stock valued at $1,764,000 after buying an additional 1,292 shares in the last quarter. Barclays PLC boosted its holdings in shares of Core Molding Technologies by 14.3% in the 4th quarter. Barclays PLC now owns 11,368 shares of the industrial products company’s stock valued at $188,000 after buying an additional 1,426 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Core Molding Technologies by 7.3% in the 4th quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company’s stock valued at $386,000 after buying an additional 1,585 shares in the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $22.00 target price on shares of Core Molding Technologies in a research note on Wednesday, March 12th.

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.