Stephane Corre Sells 3,200 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 3,200 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $25.71, for a total value of $82,272.00. Following the completion of the transaction, the insider directly owned 47,444 shares in the company, valued at $1,219,785.24. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Constellium Trading Down 4.4%

NYSE CSTM opened at $24.81 on Friday. Constellium SE has a 12 month low of $7.32 and a 12 month high of $27.25. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 12.86 and a beta of 1.51. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The firm’s fifty day moving average price is $22.44 and its 200 day moving average price is $18.05.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,467 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares during the period. Allworth Financial LP boosted its position in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares during the last quarter. KBC Group NV purchased a new stake in Constellium in the second quarter valued at approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

CSTM has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. BMO Capital Markets upped their price objective on Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Constellium has a consensus rating of “Buy” and a consensus target price of $29.00.

Constellium Company Profile

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.