Stephen Charles Walters Sells 1,500 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) SVP Stephen Charles Walters sold 1,500 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Constellium Trading Up 2.6%

CSTM stock opened at $26.03 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The firm has a market cap of $3.59 billion, a P/E ratio of 13.49 and a beta of 1.51. Constellium SE has a 1-year low of $7.32 and a 1-year high of $27.25. The business’s 50 day moving average is $21.88 and its 200-day moving average is $17.74.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.44. Constellium had a return on equity of 33.74% and a net margin of 3.23%.The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company posted ($0.34) earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Wells Fargo & Company raised their price target on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets raised their target price on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $29.00.

Hedge Funds Weigh In On Constellium

Several institutional investors and hedge funds have recently made changes to their positions in CSTM. Sequoia Financial Advisors LLC bought a new stake in Constellium in the 3rd quarter valued at $2,876,000. Geode Capital Management LLC grew its holdings in shares of Constellium by 14.2% during the second quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock worth $23,008,000 after buying an additional 214,987 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Constellium by 89.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock valued at $1,811,000 after buying an additional 57,337 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in Constellium in the 3rd quarter valued at approximately $1,969,000. Finally, SG Americas Securities LLC boosted its position in Constellium by 97.2% during the 3rd quarter. SG Americas Securities LLC now owns 889,288 shares of the industrial products company’s stock worth $13,233,000 after acquiring an additional 438,412 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.