Constellium (NYSE:CSTM) CFO Sells $1,079,218.79 in Stock

Constellium SE (NYSE:CSTM) CFO Jack Guo sold 41,717 shares of Constellium stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total value of $1,079,218.79. Following the sale, the chief financial officer directly owned 190,879 shares in the company, valued at approximately $4,938,039.73. This trade represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Constellium Trading Up 0.9%

Shares of CSTM opened at $25.43 on Wednesday. The stock’s 50-day moving average price is $23.39 and its 200 day moving average price is $18.64. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 13.18 and a beta of 1.48. Constellium SE has a 12-month low of $7.32 and a 12-month high of $27.41.

Constellium (NYSE:CSTM) last announced its quarterly earnings data 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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.34) EPS. As a group, research analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. BMO Capital Markets lifted their target price on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One equities 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $29.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Constellium by 578.6% during 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 in the last quarter. Allworth Financial LP lifted its holdings in Constellium by 52.5% during 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 during the last quarter. KBC Group NV bought a new position in Constellium during the 2nd quarter valued at about $56,000. Finally, GAMMA Investing LLC boosted its position in Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after buying an additional 707 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.