Constellium (NYSE:CSTM) Insider Stephane Corre Sells 3,200 Shares of Stock

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 3,200 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $25.71, for a total value of $82,272.00. Following the completion of the transaction, the insider directly owned 47,444 shares of the company’s stock, valued at approximately $1,219,785.24. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $25.10 on Friday. The company’s 50 day simple moving average is $22.32 and its 200 day simple moving average is $17.94. 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 1 year low of $7.32 and a 1 year high of $27.25. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 13.06 and a beta of 1.51.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 33.74%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) earnings per share. As a group, research analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Constellium

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Constellium by 5.3% in the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock valued at $732,000 after buying an additional 3,629 shares during the period. AQR Capital Management LLC boosted its stake in Constellium by 354.0% during the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock valued at $777,000 after purchasing an additional 3,393 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Constellium during the second quarter valued at about $1,401,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Constellium during the 2nd quarter worth about $482,000. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CSTM has been the subject of several research reports. 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 report on Thursday, February 19th. Wells Fargo & Company lifted their target price on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. BMO Capital Markets raised their price target on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Constellium has a consensus rating of “Buy” and a consensus target price 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.