Insider Selling: Constellium (NYSE:CSTM) CFO Sells 41,717 Shares of Stock

Constellium SE (NYSE:CSTM) CFO Jack Guo sold 41,717 shares of Constellium stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $1,079,218.79. Following the completion of the transaction, the chief financial officer owned 190,879 shares of the company’s stock, valued at $4,938,039.73. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Constellium Stock Up 0.9%

NYSE CSTM 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. Constellium SE has a one year low of $7.32 and a one year high of $27.41. The stock’s 50 day simple moving average is $23.39 and its 200 day simple moving average is $18.64. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm posted ($0.34) EPS. The business’s revenue was up 27.9% on a year-over-year basis. As a group, sell-side analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Several large investors have recently bought and sold shares of the business. Millennium Management LLC boosted its stake in Constellium by 35.4% in the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after acquiring an additional 1,813,400 shares during the last quarter. Encompass Capital Advisors LLC raised its position in shares of Constellium by 59.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock valued at $71,325,000 after acquiring an additional 2,005,216 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Constellium by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after acquiring an additional 755,918 shares during the last quarter. Morgan Stanley lifted its stake in shares of Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares during the period. Finally, State Street Corp boosted its position in shares of Constellium by 3.6% in the 4th quarter. State Street Corp now owns 2,660,518 shares of the industrial products company’s stock worth $50,151,000 after purchasing an additional 92,955 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSTM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective 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. JPMorgan Chase & Co. lifted their target price on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. BMO Capital Markets boosted their target price on Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Wells Fargo & Company upped their price target on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.