Renee Anderson, Executive Vice President of Human Resources at Core Molding Technologies Inc (CMT), sold 25,000 shares of the company’s stock on August 19, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 52,799 shares of Core Molding Technologies Inc.
Core Molding Technologies Inc., trading under the symbol CMT, is a sheet molding compound manufacturer and a glass fiber reinforced plastics manufacturer. The company specializes in large-format molded parts and offers a range of manufacturing processes including SMC compression molding, resin transfer molding, and spray and hand lay-up, among others.
Over the past year, Renee Anderson has sold a total of 59,963 shares and purchased no shares. This recent sale is part of a broader trend within the company, where there were 24 insider sales and no insider purchases over the past year.
On the day of the sale, Core Molding Technologies Inc. shares were trading at $18.04. The company has a market capitalization of $156.793 million. The stock’s price-to-earnings ratio is 9.52, which is below the industry median of 22.75 and the company’s historical median.
According to GF Value, the estimated intrinsic value of Core Molding Technologies Inc. is $13.63 per share, making the stock significantly overvalued with a price-to-value ratio of 1.32.
This insider sale may be of interest to investors assessing stock value and considering the insider’s continued ownership in relation to current market performance and the company’s future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
