Insider Selling: Constellium (NYSE:CSTM) Insider Sells 3,000 Shares of Stock

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 3,000 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $24.69, for a total transaction of $74,070.00. Following the completion of the sale, the insider directly owned 44,444 shares in the company, valued at approximately $1,097,322.36. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The stock was sold at an average price of $25.71, for a total transaction of $82,272.00.

Constellium Price Performance

Shares of CSTM stock traded down $1.49 during trading hours on Tuesday, hitting $24.57. The company’s stock had a trading volume of 409,709 shares, compared to its average volume of 1,985,872. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average of $22.58 and a 200-day moving average of $18.16. Constellium SE has a twelve month low of $7.32 and a twelve month high of $27.25. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 12.72 and a beta of 1.48.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.44. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) EPS. As a group, equities research analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

CSTM has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $29.00.

Institutional Trading of Constellium

A number of institutional investors and hedge funds have recently made changes to their positions in CSTM. Millennium Management LLC increased its stake in Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after acquiring an additional 1,813,400 shares during the last quarter. Encompass Capital Advisors LLC grew its holdings 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 worth $71,325,000 after purchasing an additional 2,005,216 shares during the period. Vanguard Group Inc. increased its position 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 purchasing an additional 755,918 shares in the last quarter. Morgan Stanley raised its holdings in Constellium by 48.4% in the fourth quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after buying an additional 1,216,516 shares during the period. Finally, State Street Corp lifted its position in Constellium by 3.6% during the fourth quarter. State Street Corp now owns 2,660,518 shares of the industrial products company’s stock valued at $50,151,000 after buying an additional 92,955 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.