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David L. Duvall, the Chief Executive Officer of Core Molding Technologies Inc . (AMEX:NYSE:CMT), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Duvall sold a total of 20,300 shares over two days, with the transactions occurring on June 4 and June 5, 2025. The company maintains strong financial health with a "GREAT" rating from InvestingPro, supported by robust metrics including a healthy current ratio of 2.5x and minimal debt exposure.
The shares were sold at an average price range between $16.0194 and $16.0197, resulting in a total transaction value of approximately $325,197. Following these sales, Duvall retains ownership of 228,480 shares of Core Molding Technologies. Despite the insider sale, the company shows strong operational performance with a gross profit margin of 18.1% and positive earnings of $1.35 per share over the last twelve months.
These transactions reflect Duvall’s continued management of his equity position in the company, which specializes in producing composite materials and molded products. Investors often monitor such insider sales closely as they can provide insights into the executive’s view of the company’s future performance. According to InvestingPro analysis, the stock currently appears undervalued, with 8 additional exclusive ProTips available to subscribers, including insights on management’s share buyback activity and the company’s strong cash position.
In other recent news, Core Molding Technologies reported first-quarter earnings that did not meet analysts’ expectations, with an earnings per share (EPS) of $0.29, falling short of the projected $0.38. The company’s revenue also missed the mark, coming in at $61.4 million compared to the anticipated $71 million. Despite the revenue shortfall, Core Molding Technologies improved its gross margin by 220 basis points to 19.2%, indicating enhanced cost management. The company also secured $15 million in new business in the building products and electric vehicle battery sectors. Additionally, Core Molding Technologies held its Annual Meeting of Stockholders, where all nominees for director positions were elected and executive compensation was approved. The stockholders also ratified the appointment of Crowe LLP as the independent registered public accounting firm for the year. Looking forward, the company expects its first-half 2025 revenues to decline by 10-15%, but it aims to maintain gross margins in the 17-19% range, focusing on organic growth and potential mergers and acquisitions.
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