Constellium (NYSE:CSTM) SVP Nicolas Brun Sells 26,661 Shares of Stock

Constellium SE (NYSE:CSTM) SVP Nicolas Brun sold 26,661 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $33.85, for a total value of $902,474.85. Following the completion of the transaction, the senior vice president directly owned 104,891 shares of the company’s stock, valued at approximately $3,550,560.35. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nicolas Brun also recently made the following trade(s):

• On Monday, March 9th, Nicolas Brun sold 17,701 shares of Constellium stock. The stock was sold at an average price of $24.67, for a total value of $436,683.67.

Constellium Stock Down 2.5%

Shares of CSTM stock opened at $33.35 on Wednesday. The stock has a market cap of $4.54 billion, a P/E ratio of 10.79 and a beta of 1.54. Constellium SE has a one year low of $11.23 and a one year high of $34.35. The stock has a fifty day moving average price of $27.99 and a 200 day moving average price of $22.69. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.Constellium’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. Analysts predict that Constellium SE will post 3.34 earnings per share for the current year.

Constellium declared that its Board of Directors has approved a stock repurchase program on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

CSTM has been the subject of several recent analyst reports. BMO Capital Markets set a $32.00 price objective on Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 price objective on shares of Constellium in a research note on Thursday, April 30th. UBS Group initiated coverage on Constellium in a research note on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective for the company. Wells Fargo & Company increased their price objective on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

Institutional Trading of Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,467 shares in the last quarter. Allworth Financial LP increased its position in Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the period. EverSource Wealth Advisors LLC increased its position in Constellium by 578.6% in 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. GAMMA Investing LLC increased 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 worth $58,000 after purchasing an additional 707 shares during the period. Finally, Quarry LP increased its position in Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.