Constellium (NYSE:CSTM) CEO Sells $119,364.18 in Stock

Constellium SE (NYSE:CSTM) CEO Ingrid Joerg sold 4,614 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $119,364.18. Following the sale, the chief executive officer owned 378,090 shares of the company’s stock, valued at $9,781,188.30. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Constellium Price Performance

Shares of Constellium stock opened at $25.43 on Wednesday. The company’s fifty day simple moving average is $23.39 and its two-hundred day simple moving average is $18.64. Constellium SE has a 12-month low of $7.32 and a 12-month high of $27.41. The firm has a market cap of $3.43 billion, a PE ratio of 13.18 and a beta of 1.48. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 1.96.

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

Analysts Set New Price Targets

A number of brokerages recently commented on CSTM. 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 note on Thursday, February 19th. Wells Fargo & Company upped their price objective on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $29.00.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently modified their holdings of CSTM. Hsbc Holdings PLC lifted its holdings in Constellium by 28.2% in the 4th quarter. Hsbc Holdings PLC now owns 73,436 shares of the industrial products company’s stock worth $1,382,000 after purchasing an additional 16,164 shares in the last quarter. Invesco Ltd. grew its stake in Constellium by 16.2% during the fourth quarter. Invesco Ltd. now owns 164,654 shares of the industrial products company’s stock valued at $3,104,000 after acquiring an additional 22,942 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake 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 acquiring an additional 11,267 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Constellium in the 4th quarter valued at $321,000. Finally, Mackenzie Financial Corp lifted its stake in Constellium by 0.4% in the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 512 shares in the last quarter. 92.59% of the stock is currently owned by 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.