Insider Selling: Constellium (NYSE:CSTM) SVP Sells $38,085.00 in Stock

Constellium SE (NYSE:CSTM) SVP Stephen Charles Walters sold 1,500 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $25.39, for a total value of $38,085.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $25.93 on Friday. The firm’s 50 day simple moving average is $22.32 and its 200 day simple moving average is $17.94. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 13.44 and a beta of 1.51. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $27.25. 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 (NYSE:CSTM) last announced its quarterly 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 company 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 firm’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.34) EPS. As a group, sell-side analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Constellium

Hedge funds have recently bought and sold shares of the company. Encompass Capital Advisors LLC lifted its holdings in shares of Constellium by 59.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock worth $71,325,000 after acquiring an additional 2,005,216 shares during the period. Millennium Management LLC raised its position in Constellium by 35.4% during 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 purchasing an additional 1,813,400 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Constellium by 139.7% during the second quarter. JPMorgan Chase & Co. now owns 2,171,333 shares of the industrial products company’s stock worth $28,879,000 after purchasing an additional 1,265,401 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares in the last quarter. Finally, Cooper Creek Partners Management LLC boosted its holdings in shares of Constellium by 244.6% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,666,521 shares of the industrial products company’s stock valued at $22,165,000 after purchasing an additional 1,182,966 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CSTM shares. JPMorgan Chase & Co. raised their price target on Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, 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 note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Constellium currently has an average rating of “Buy” and an average 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.