Constellium (NYSE:CSTM) Insider Sells $38,835.00 in Stock

Constellium SE (NYSE:CSTMGet Free Report) insider Stephane Corre sold 1,500 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $25.89, for a total value of $38,835.00. Following the completion of the transaction, the insider owned 65,020 shares in the company, valued at approximately $1,683,367.80. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Stephane Corre also recently made the following trade(s):

  • On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The shares were sold at an average price of $24.69, for a total transaction of $74,070.00.
  • On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The shares were sold at an average price of $25.71, for a total value of $82,272.00.

Constellium Stock Performance

Shares of CSTM stock traded down $0.37 during trading hours on Thursday, hitting $24.96. The stock had a trading volume of 892,802 shares, compared to its average volume of 2,085,467. The stock’s 50 day moving average is $23.52 and its 200 day moving average is $18.68. Constellium SE has a twelve month low of $7.32 and a twelve month high of $27.41. The firm has a market capitalization of $3.37 billion, a PE ratio of 12.89 and a beta of 1.48. 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:CSTMGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.05 billion. During the same period in the prior year, the business earned ($0.34) EPS. The firm’s revenue was up 27.9% compared to the same quarter last year. As a group, research analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Constellium News Summary

Here are the key news stories impacting Constellium this week:

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CSTM. Royal Bank of Canada boosted its position in shares of Constellium by 5.3% in the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock worth $732,000 after buying an additional 3,629 shares in the last quarter. AQR Capital Management LLC increased its holdings in Constellium by 354.0% during the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock valued at $924,000 after acquiring an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock valued at $777,000 after purchasing an additional 3,393 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Constellium in the second quarter valued at approximately $254,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Constellium by 36.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,990 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 6,371 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on Constellium

Constellium Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Constellium (NYSE:CSTM)

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