Stephen Charles Walters Sells 1,500 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) SVP Stephen Charles Walters sold 1,500 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Constellium Trading Up 4.9%

NYSE:CSTM opened at $25.96 on Thursday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 13.45 and a beta of 1.51. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. Constellium SE has a one year low of $7.32 and a one year high of $27.25. The company’s 50-day simple moving average is $22.16 and its 200 day simple moving average is $17.88.

Constellium (NYSE:CSTM) last released its earnings results 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. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 33.74%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the business earned ($0.34) earnings per share. As a group, analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CSTM. Invesco Ltd. grew its stake in shares of Constellium by 16.2% during the 4th quarter. Invesco Ltd. now owns 164,654 shares of the industrial products company’s stock valued at $3,104,000 after purchasing an additional 22,942 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Constellium by 46.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,277 shares of the industrial products company’s stock valued at $665,000 after buying an additional 11,267 shares during the period. EP Wealth Advisors LLC purchased a new stake in Constellium during the fourth quarter valued at approximately $321,000. Mackenzie Financial Corp raised its position in Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 512 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Constellium by 3.9% during the 4th quarter. Empowered Funds LLC now owns 671,222 shares of the industrial products company’s stock worth $12,653,000 after acquiring an additional 25,231 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

CSTM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft increased their target price on Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company upped their price target on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.