Core Molding Technologies, Inc. (NYSEMKT:CMT) released its quarterly earnings results on Thursday. The industrial products company reported $0.11 EPS for the quarter, Bloomberg Earnings reports. Core Molding Technologies had a net margin of 4.56% and a return on equity of 8.65%. The company had revenue of $38.49 million for the quarter.
Core Molding Technologies (CMT) opened at $21.25 on Friday. Core Molding Technologies has a 52-week low of $13.60 and a 52-week high of $24.50.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Friday, November 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, November 16th.
In other news, Director James F. Crowley sold 3,375 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $21.65, for a total transaction of $73,068.75. Following the transaction, the director now owns 14,339 shares of the company’s stock, valued at $310,439.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new stake in Core Molding Technologies during the second quarter worth $281,000. The Manufacturers Life Insurance Company lifted its holdings in Core Molding Technologies by 1,757.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock worth $112,000 after buying an additional 4,922 shares during the period. Finally, State Street Corp purchased a new stake in Core Molding Technologies during the second quarter worth $1,647,000.
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About Core Molding Technologies
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
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