Constellium (NYSE:CSTM) Insider Philippe Hoffmann Sells 4,728 Shares

Constellium SE (NYSE:CSTM) insider Philippe Hoffmann sold 4,728 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $122,313.36. Following the completion of the transaction, the insider owned 182,120 shares of the company’s stock, valued at approximately $4,711,444.40. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Philippe Hoffmann also recently made the following trade(s):

• On Wednesday, March 4th, Philippe Hoffmann sold 80,000 shares of Constellium stock. The shares were sold at an average price of $26.45, for a total transaction of $2,116,000.00.

Constellium Trading Up 0.9%

Shares of Constellium stock opened at $25.43 on Wednesday. The firm has a 50-day simple moving average of $23.39 and a two-hundred day simple moving average of $18.64. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.51 and a current ratio of 1.29. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $27.41. The company has a market cap of $3.43 billion, a P/E ratio of 13.18 and a beta of 1.48.

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

Institutional Investors Weigh In On Constellium

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Constellium by 5.3% during the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 3,629 shares in the last quarter. AQR Capital Management LLC raised its holdings in Constellium by 354.0% during the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after purchasing an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 3,393 shares during the last quarter. Savant Capital LLC purchased a new stake in Constellium in the second quarter valued at approximately $254,000. Finally, Los Angeles Capital Management LLC grew its position in Constellium by 36.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,990 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 6,371 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CSTM shares. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. BMO Capital Markets boosted their price target on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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.