Insider Selling: Constellium (NYSE:CSTM) SVP Sells $362,957.63 in Stock

Constellium SE (NYSE:CSTM) SVP Marcus Becker sold 10,391 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $34.93, for a total value of $362,957.63. Following the transaction, the senior vice president directly owned 16,784 shares in the company, valued at approximately $586,265.12. The trade was a 38.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, March 10th, Marcus Becker sold 1,113 shares of Constellium stock. The stock was sold at an average price of $25.87, for a total value of $28,793.31.

Constellium Stock Performance

NYSE CSTM opened at $35.91 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. Constellium SE has a 52-week low of $12.48 and a 52-week high of $36.99. The business’s 50-day moving average price is $30.77 and its 200 day moving average price is $24.66. The firm has a market cap of $4.89 billion, a P/E ratio of 11.62 and a beta of 1.55.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the company posted $0.26 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. On average, equities research analysts expect that Constellium SE will post 3.34 earnings per share for the current year.

Constellium declared that its board has initiated a share buyback program on Thursday, March 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 1,467 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares during the last quarter. Allworth Financial LP raised its holdings in 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 acquiring an additional 714 shares during the last quarter. GAMMA Investing LLC raised its holdings in Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 707 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,960 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSTM has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, UBS Group initiated coverage on Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $36.60.

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.