On September 13, 2024, David Duvall, the Chief Executive Officer of Core Molding Technologies Inc (CMT, Financial), executed a significant transaction by selling 50,846 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 287,381 shares of Core Molding Technologies Inc.
Core Molding Technologies Inc, based in Columbus, Ohio, is a manufacturer of sheet molding compound and a molder of fiberglass reinforced plastics. The company specializes in large-format moldings and offers a range of manufacturing processes that include compression molding of SMC, spray-up, hand-lay-up, and resin transfer molding. Additionally, the company offers value-added services such as the design and development of products, tooling manufacturing, and part assembly.
The shares were sold at a price of $17.93, valuing the transaction at approximately $912,018.58. This sale contributes to a pattern observed over the past year, where David Duvall has sold a total of 134,709 shares and has not made any purchases. The insider transaction history for Core Molding Technologies Inc shows a total of 26 insider sells and no insider buys over the same timeframe.
The stock's market cap stands at $160.909 million as of the last trading session, with the price-earnings ratio at 9.77. This ratio is below both the industry median of 22.49 and the company’s historical median, indicating a potentially lower valuation relative to its peers.
Despite the lower price-earnings ratio, the stock is considered Significantly Overvalued with a price-to-GF Value ratio of 1.34, based on a GF Value of $13.41. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This recent insider sell might attract investor attention as they evaluate the stock’s valuation metrics and the insider's ongoing transaction patterns.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
