On August 23, 2024, John Zimmer, Executive Vice President, Treasurer, Secretary and Chief Financial Officer of Core Molding Technologies Inc (CMT), sold 26,416 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 131,212 shares of the company’s stock.
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-scale molded parts and offers a range of manufacturing processes including compression molding of SMC, injection molding, hand lay-up and resin transfer molding. In addition, the company offers value-added services such as assembly of components into sub-components, priming, painting and installation of the final product.
Over the past year, John Zimmer has sold a total of 96,415 shares and purchased no shares of the company. This recent sale is part of a broader trend at Core Molding Technologies Inc., where there have been 26 insider sales and no insider purchases over the past year.
Core Molding Technologies Inc. shares were trading at $17.99 on the day of the sale. The company has a market capitalization of approximately $163.888 million. The stock’s price-to-earnings ratio is 9.95, which is below the industry median of 22.78 and the company’s historical median.
The stock is currently considered significantly overvalued with a price-to-GF-Value ratio of 1.32 based on a GF-Value of $13.62. The GF-Value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.
This insider sale could be of interest to investors who track insider behavior and evaluate stock valuation metrics such as price-to-free cash flow ratio, price-to-book ratio and price-to-sales ratio.
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.
