Insider Selling: Constellium (NYSE:CSTM) Director Sells 8,000 Shares of Stock

Constellium SE (NYSE:CSTM) Director John Ormerod sold 8,000 shares of Constellium stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $35.01, for a total value of $280,080.00. Following the transaction, the director directly owned 24,873 shares in the company, valued at $870,803.73. The trade was a 24.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Constellium Trading Down 0.5%

CSTM traded down $0.18 during midday trading on Monday, hitting $33.71. 309,772 shares of the company were exchanged, compared to its average volume of 2,215,538. The firm has a market capitalization of $4.59 billion, a P/E ratio of 10.92 and a beta of 1.55. Constellium SE has a 1-year low of $12.68 and a 1-year high of $36.99. The firm’s 50 day moving average price is $31.16 and its 200-day moving average price is $24.94. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. As a group, equities analysts forecast that Constellium SE will post 3.34 EPS for the current fiscal year.

Constellium declared that its board has approved a share buyback program on Thursday, March 12th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

CSTM has been the topic of a number of recent analyst reports. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wells Fargo & Company boosted their price target on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $40.00 price target on shares of Constellium in a research note on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 price target on Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Constellium has a consensus rating of “Buy” and a consensus price target of $36.60.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares during the last quarter. Allworth Financial LP raised its position in Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after buying an additional 714 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after buying an additional 2,002 shares during the last quarter. GAMMA Investing LLC raised its position in Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after buying an additional 707 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 1,960 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.