Insider Selling: Constellium (NYSE:CSTM) CEO Sells 4,614 Shares of Stock

Constellium SE (NYSE:CSTM) CEO Ingrid Joerg sold 4,614 shares of Constellium stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total value of $119,364.18. Following the completion of the sale, the chief executive officer directly owned 378,090 shares in the company, valued at approximately $9,781,188.30. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Constellium Trading Up 0.9%

CSTM stock opened at $25.43 on Wednesday. The firm has a market cap of $3.43 billion, a PE ratio of 13.18 and a beta of 1.48. The firm has a fifty day moving average price of $23.39 and a 200 day moving average price 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.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.23% and a return on equity of 32.14%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.34) earnings per share. Sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CSTM has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Finally, BMO Capital Markets raised their price objective on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $29.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC grew its position 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 valued at $71,325,000 after purchasing an additional 2,005,216 shares in the last quarter. Millennium Management LLC lifted its position in 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Constellium by 139.7% during the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock worth $28,879,000 after buying an additional 1,265,401 shares in the last quarter. Morgan Stanley boosted its stake in Constellium by 48.4% during the fourth quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after buying an additional 1,216,516 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised 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 acquiring an additional 1,182,966 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

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.