Stephen Charles Walters Sells 1,500 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) SVP Stephen Charles Walters sold 1,500 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Constellium Trading Up 2.6%

NYSE:CSTM opened at $26.03 on Tuesday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 13.49 and a beta of 1.51. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. Constellium SE has a 1 year low of $7.32 and a 1 year high of $27.25. The business has a fifty day moving average of $21.88 and a 200-day moving average of $17.74.

Constellium (NYSE:CSTM) last announced 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 33.74%. Constellium’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.34) EPS. Equities analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CSTM. Ethic Inc. lifted its stake in shares of Constellium by 1.6% in the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 456 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Constellium by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 512 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 707 shares during the last quarter. Allworth Financial LP lifted its holdings in Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Constellium by 34.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 803 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company upped their target price on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. BMO Capital Markets lifted their price target on Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. One investment 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. According to data from MarketBeat.com, Constellium presently has an average rating of “Buy” and a consensus target price 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.