Insider Selling: Constellium (NYSE:CSTM) Insider Sells 4,728 Shares of Stock

Constellium SE (NYSE:CSTM) insider Philippe Hoffmann sold 4,728 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total transaction of $122,313.36. Following the completion of the sale, the insider owned 182,120 shares in the company, valued at $4,711,444.40. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Philippe Hoffmann also recently made the following trade(s):

• On Wednesday, March 4th, Philippe Hoffmann sold 80,000 shares of Constellium stock. The shares were sold at an average price of $26.45, for a total transaction of $2,116,000.00.

Constellium Price Performance

NYSE:CSTM opened at $25.43 on Wednesday. The firm’s fifty day moving average is $23.39 and its two-hundred day moving average is $18.64. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 13.18 and a beta of 1.48. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.51 and a current ratio of 1.29. Constellium SE has a one year low of $7.32 and a one year high of $27.41.

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, 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 business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm posted ($0.34) EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Research analysts expect that Constellium SE will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CSTM. Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 1,467 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares during the period. Allworth Financial LP boosted its holdings in shares of 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 acquiring an additional 714 shares during the last quarter. KBC Group NV purchased a new position in shares of Constellium during the 2nd quarter valued at about $56,000. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

CSTM has been the topic of several recent research reports. BMO Capital Markets upped 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. Wells Fargo & Company boosted their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Constellium presently has a consensus rating of “Buy” and a consensus 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.