Constellium (NYSE:CSTM) Director Sells $257,700.00 in Stock

Constellium SE (NYSE:CSTM) Director Isabelle Boccon-Gibod sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the sale, the director owned 23,000 shares in the company, valued at $592,710. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Constellium Stock Performance

CSTM opened at $24.81 on Monday. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $27.25. The firm has a market cap of $3.35 billion, a PE ratio of 12.86 and a beta of 1.48. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $22.44 and a 200-day simple moving average of $18.07.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the business posted ($0.34) EPS. Constellium’s revenue was up 27.9% on a year-over-year basis. As a group, equities analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSTM has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. raised their price target on shares of Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. BMO Capital Markets raised their target price on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. One research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $29.00.

Institutional Investors Weigh In On Constellium

A number of hedge funds have recently bought and sold shares of the company. Encompass Capital Advisors LLC increased its stake in shares of Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after purchasing an additional 2,005,216 shares during the period. Millennium Management LLC lifted its holdings in shares of Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after buying an additional 1,813,400 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Constellium by 139.7% in the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock valued at $28,879,000 after acquiring an additional 1,265,401 shares during the period. Morgan Stanley grew its stake in shares of Constellium by 48.4% in the fourth quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after acquiring an additional 1,216,516 shares during the last quarter. Finally, Cooper Creek Partners Management LLC increased its holdings in shares of Constellium by 244.6% during the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company’s stock worth $22,165,000 after purchasing an additional 1,182,966 shares during the period. 92.59% of the stock is currently owned by institutional investors.

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.