Constellium (NYSE:CSTM) SVP Sells $28,793.31 in Stock

Constellium SE (NYSE:CSTM) SVP Marcus Becker sold 1,113 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $28,793.31. Following the transaction, the senior vice president owned 33,237 shares in the company, valued at $859,841.19. The trade was a 3.24% 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.

Marcus Becker also recently made the following trade(s):

• On Friday, February 20th, Marcus Becker sold 15,570 shares of Constellium stock. The stock was sold at an average price of $25.58, for a total transaction of $398,280.60.

Constellium Stock Up 0.9%

Shares of NYSE:CSTM opened at $25.43 on Wednesday. Constellium SE has a 1 year low of $7.32 and a 1 year high of $27.41. The business has a 50 day simple moving average of $23.39 and a two-hundred day simple moving average of $18.64. The firm has a market capitalization of $3.43 billion, a PE ratio of 13.18 and a beta of 1.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.44. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities analysts predict that Constellium SE will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

CSTM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. BMO Capital Markets raised their target price on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $29.00.

Institutional Trading of Constellium

A number of hedge funds have recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC grew its holdings in Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares in the last quarter. Allworth Financial LP raised 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 purchasing an additional 714 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares during the period. GAMMA Investing LLC lifted its position 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 worth $58,000 after purchasing an additional 707 shares during the period. Finally, KBC Group NV bought a new position in shares of Constellium during the second quarter valued at approximately $56,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.