Constellium (NYSE:CSTM) Insider Stephane Corre Sells 1,500 Shares

Constellium SE (NYSE:CSTMGet Free Report) insider Stephane Corre sold 1,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.89, for a total value of $38,835.00. Following the sale, the insider owned 65,020 shares in the company, valued at approximately $1,683,367.80. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Stephane Corre also recently made the following trade(s):

  • On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The stock was sold at an average price of $24.69, for a total value of $74,070.00.
  • On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The shares were sold at an average price of $25.71, for a total value of $82,272.00.

Constellium Price Performance

Shares of CSTM traded down $0.37 during trading hours on Thursday, reaching $24.96. 892,802 shares of the company traded hands, compared to its average volume of 2,085,467. 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 stock has a market capitalization of $3.37 billion, a PE ratio of 12.89 and a beta of 1.48. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $27.41. The stock has a fifty day simple moving average of $23.52 and a 200 day simple moving average of $18.68.

Constellium (NYSE:CSTMGet Free Report) last announced its 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. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company posted ($0.34) EPS. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, research analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellium

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSTM shares. JPMorgan Chase & Co. raised their target price on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. BMO Capital Markets lifted their price objective on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $29.00.

Check Out Our Latest Research Report on CSTM

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Constellium Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Constellium (NYSE:CSTM)

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