Constellium (NYSE:CSTM) Insider Philippe Hoffmann Sells 80,000 Shares

Constellium SE (NYSE:CSTM) insider Philippe Hoffmann sold 80,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $26.45, for a total transaction of $2,116,000.00. Following the sale, the insider owned 55,425 shares of the company’s stock, valued at $1,465,991.25. This trade represents a 59.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Constellium Stock Down 1.0%

CSTM opened at $26.36 on Friday. The business has a 50-day moving average of $23.02 and a two-hundred day moving average of $18.35. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.66 and a beta of 1.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. Constellium SE has a 12 month low of $7.32 and a 12 month high of $27.41.

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

Hedge Funds Weigh In On Constellium

Several large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in Constellium in the third quarter valued at $2,876,000. Geode Capital Management LLC increased its position in Constellium by 14.2% during the second quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock worth $23,008,000 after buying an additional 214,987 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Constellium by 89.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock valued at $1,811,000 after buying an additional 57,337 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in shares of Constellium during the 3rd quarter worth approximately $1,969,000. Finally, SG Americas Securities LLC increased its holdings in shares of Constellium by 97.2% during the 3rd quarter. SG Americas Securities LLC now owns 889,288 shares of the industrial products company’s stock worth $13,233,000 after acquiring an additional 438,412 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

CSTM has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. BMO Capital Markets lifted their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. One 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 company’s stock. According to MarketBeat.com, Constellium presently has a consensus 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.