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

Constellium SE (NYSE:CSTM) insider Philippe Hoffmann sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $26.45, for a total value of $2,116,000.00. Following the completion of the transaction, the insider directly owned 55,425 shares in the company, valued at approximately $1,465,991.25. This trade represents a 59.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Constellium Price Performance

Constellium stock opened at $24.70 on Friday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 12.80 and a beta of 1.48. Constellium SE has a 52-week low of $7.32 and a 52-week high of $27.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.51 and a current ratio of 1.29. The stock’s 50 day moving average price is $23.13 and its two-hundred day moving average price is $18.45.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, beating 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 company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business posted ($0.34) EPS. Constellium’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, equities analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price target on Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Constellium has an average rating of “Buy” and a consensus price target of $29.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Constellium by 5.3% during the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 3,629 shares in the last quarter. AQR Capital Management LLC lifted its position in Constellium by 354.0% in the 1st quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock valued at $924,000 after acquiring an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Constellium by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock valued at $777,000 after purchasing an additional 3,393 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Constellium during the 2nd quarter valued at about $482,000. Finally, Savant Capital LLC bought a new stake in Constellium during the 2nd quarter worth approximately $254,000. Institutional investors and hedge funds 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.