Constellium (NYSE:CSTM) Insider Sells $82,272.00 in Stock

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 3,200 shares of the firm’s stock in a transaction that occurred 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 owned 47,444 shares in the company, valued at $1,219,785.24. This represents a 6.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Constellium Trading Down 4.4%

Shares of Constellium stock opened at $24.81 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $18.07. 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 P/E ratio of 12.86 and a beta of 1.48.

Constellium (NYSE:CSTM) last posted its quarterly earnings data 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. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.34) EPS. On average, sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in shares of Constellium in the third quarter worth about $2,876,000. Geode Capital Management LLC raised its holdings in Constellium by 14.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock valued at $23,008,000 after acquiring an additional 214,987 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Constellium by 89.1% during 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 acquiring an additional 57,337 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Constellium during the third quarter worth $1,969,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Constellium by 97.2% in the third 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 period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSTM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted 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. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wells Fargo & Company upped their price objective on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. One 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 MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $29.00.

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.