Core Molding Technologies, Inc. (CMT) Issues Earnings Results
Core Molding Technologies, Inc. (NYSEMKT:CMT) released its quarterly earnings data on Thursday. The industrial products company reported $0.11 earnings per share 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 during the quarter.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Friday, November 17th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.20 annualized dividend and a dividend yield of Infinity.
In other news, Director James F. Crowley sold 3,375 shares of Core Molding Technologies stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $21.65, for a total value of $73,068.75. Following the sale, the director now owns 14,339 shares in the company, valued at $310,439.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A number of institutional investors and hedge funds have recently bought and sold shares of CMT. State Street Corp purchased a new position in Core Molding Technologies during the second quarter worth about $1,647,000. California State Teachers Retirement System purchased a new position in Core Molding Technologies during the second quarter worth about $281,000. Finally, The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 4,922 shares during the period.
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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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