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

Constellium SE (NYSE:CSTM) insider Stephane Corre sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $33.52, for a total value of $167,600.00. Following the completion of the transaction, the insider directly owned 62,313 shares in the company, valued at $2,088,731.76. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were 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 shares were sold at an average price of $25.71, for a total value of $82,272.00.

Constellium Stock Down 2.5%

Shares of CSTM opened at $33.35 on Wednesday. The business’s 50 day moving average is $27.99 and its 200 day moving average is $22.69. The company has a market capitalization of $4.54 billion, a PE ratio of 10.79 and a beta of 1.54. Constellium SE has a 12-month low of $11.23 and a 12-month high of $34.35. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.80. The company had revenue of $2.46 billion for 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 firm’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. Research analysts expect that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Constellium announced that its Board of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSTM shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. UBS Group assumed coverage on Constellium in a research note on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Wells Fargo & Company lifted 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, 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

Institutional Trading of Constellium

A number of large investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after purchasing an additional 1,813,400 shares during the period. Encompass Capital Advisors LLC raised its position in Constellium by 9.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock valued at $87,802,000 after purchasing an additional 393,640 shares during the period. Vanguard Group Inc. increased its position in shares of Constellium by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after purchasing an additional 755,918 shares during the last quarter. Morgan Stanley increased its position in shares of Constellium by 48.4% during the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares during the last quarter. Finally, State Street Corp increased its position in shares of Constellium by 3.6% during the 4th quarter. State Street Corp now owns 2,660,518 shares of the industrial products company’s stock valued at $50,151,000 after purchasing an additional 92,955 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

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.