On August 21, 2024, David Duvall, the CEO of Core Molding Technologies Inc (CMT), sold 29,150 shares of the company’s stock. According to the SEC filing, the transaction was performed at an average price of $17.97 per share, for a total value of approximately $523,875.5. After this transaction, the insider now owns 358,227 shares of the company’s stock.
Core Molding Technologies Inc (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 fiberglass processes including compression molding of SMC, bulk molding compounds, resin transfer molding, and spray and hand lay-up primarily for the automotive, marine, and commercial products industries.
Over the past year, David Duvall has sold a total of 83,863 shares and purchased no shares of the company. The insider transaction history for Core Molding Technologies Inc. shows a total of 25 insider sales and no insider purchases during the same period.
Core Molding Technologies Inc. shares were trading at $17.97 on the day of the sale. The company has a market capitalization of $156.355 million. The stock’s price-to-earnings ratio is 9.49, which is below the industry median of 22.73 and the company’s historical median.
According to GF Value, the estimated intrinsic value of Core Molding Technologies Inc. is $13.62 per share, making the stock significantly overvalued with a price-to-value ratio of 1.32.
The GF value is calculated based on historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance provided by Morningstar analysts.
This sale by the insider may be of interest to current and prospective investors as it provides insight into how insiders interact with their shares in the company given the company’s current market valuation.
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.
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