Isabelle Boccon-Gibod Sells 10,000 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) Director Isabelle Boccon-Gibod sold 10,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $25.77, for a total transaction of $257,700.00. Following the transaction, the director directly owned 23,000 shares of the company’s stock, valued at approximately $592,710. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Constellium Price Performance

Constellium stock opened at $24.81 on Friday. The company’s 50 day simple moving average is $22.44 and its 200-day simple moving average is $18.05. 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 company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 12.86 and a beta of 1.51.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 33.74%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.34) EPS. As a group, equities research analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Institutional Investors Weigh In On Constellium

A number of large investors have recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of Constellium by 35.4% in the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after purchasing an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC raised its stake in 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 buying an additional 2,005,216 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Constellium by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock worth $76,436,000 after buying an additional 755,918 shares during the last quarter. Morgan Stanley lifted its holdings in Constellium by 48.4% during the 4th 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, State Street Corp boosted its position in shares of Constellium by 3.6% during the 4th quarter. State Street Corp now owns 2,660,518 shares of the industrial products company’s stock worth $50,151,000 after acquiring an additional 92,955 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft boosted their price objective on Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, BMO Capital Markets lifted their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently 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.