Insider Selling: Constellium (NYSE:CSTM) Insider Sells $167,600.00 in Stock

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $33.52, for a total transaction of $167,600.00. Following the completion of the transaction, the insider owned 62,313 shares of the company’s stock, valued at approximately $2,088,731.76. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, May 1st, Stephane Corre sold 5,000 shares of Constellium stock. The stock was sold at an average price of $32.04, for a total transaction of $160,200.00.
• On Tuesday, March 10th, Stephane Corre sold 1,500 shares of Constellium stock. The stock was sold at an average price of $25.89, for a total transaction of $38,835.00.
• On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The stock was 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 stock was sold at an average price of $25.71, for a total transaction of $82,272.00.

Constellium Stock Performance

NYSE:CSTM opened at $33.52 on Friday. The company has a fifty day simple moving average of $28.32 and a two-hundred day simple moving average of $22.93. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 10.85 and a beta of 1.54. 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 SE has a 52 week low of $11.23 and a 52 week high of $34.94.

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

Constellium declared that its board has approved a stock buyback program on Thursday, March 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Constellium

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in Constellium by 35.4% in the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after acquiring an additional 1,813,400 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in shares of Constellium by 9.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock valued at $87,802,000 after buying an additional 393,640 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Constellium by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after buying an additional 755,918 shares during the last quarter. Morgan Stanley raised its holdings in shares of 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 last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Constellium by 620.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock valued at $79,345,000 after buying an additional 2,780,260 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. UBS Group began coverage on shares of Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective for the company. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $36.60.

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.