Constellium (NYSE:CSTM) Insider Stephane Corre Sells 5,000 Shares

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $33.52, for a total transaction of $167,600.00. Following the completion of the sale, the insider owned 62,313 shares of the company’s stock, valued at $2,088,731.76. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Stephane Corre also recently made the following trade(s):

• On Friday, May 1st, Stephane Corre sold 5,000 shares of Constellium stock. The shares were sold at an average price of $32.04, for a total value of $160,200.00.
• On Tuesday, March 10th, Stephane Corre sold 1,500 shares of Constellium stock. The stock was sold at an average price of $25.89, for a total value of $38,835.00.
• On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The shares were sold at an average price of $24.69, for a total value of $74,070.00.
• On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The stock was sold at an average price of $25.71, for a total transaction of $82,272.00.

Constellium Stock Performance

Shares of NYSE CSTM traded down $1.51 during trading hours on Tuesday, hitting $32.69. 519,650 shares of the company’s stock were exchanged, compared to its average volume of 2,193,681. Constellium SE has a 1-year low of $11.23 and a 1-year high of $34.35. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 10.58 and a beta of 1.54. The company’s 50-day moving average price is $27.82 and its 200-day moving average price is $22.56.

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

Constellium announced that its board has authorized a share buyback program on Thursday, March 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 8.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Constellium

A number of hedge funds and other institutional investors have recently made changes to their positions in CSTM. Farther Finance Advisors LLC raised its stake 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 buying an additional 1,467 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Constellium by 578.6% during the third 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. Allworth Financial LP lifted its holdings in shares of 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares in the last quarter. Finally, Quarry LP grew its position in shares of Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,960 shares during the period. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CSTM shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 target price on shares of Constellium in a research 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company upped their price target on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.