Insider Selling: Constellium (NYSE:CSTM) SVP Sells 4,716 Shares of Stock

Constellium SE (NYSE:CSTM) SVP Martin Jarrett sold 4,716 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $33.46, for a total value of $157,797.36. Following the completion of the sale, the senior vice president owned 15,375 shares of the company’s stock, valued at $514,447.50. This represents a 23.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Constellium Trading Up 1.4%

NYSE CSTM traded up $0.46 on Monday, reaching $32.37. The company had a trading volume of 869,709 shares, compared to its average volume of 2,176,850. The stock’s 50 day moving average is $28.42 and its 200-day moving average is $23.04. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 10.49 and a beta of 1.54. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. Constellium SE has a 52 week low of $11.23 and a 52 week high of $34.94.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The business 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 firm’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. Equities analysts predict that Constellium SE will post 3.34 earnings per share for the current year.

Constellium announced that its board has approved a share repurchase plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CSTM shares. BMO Capital Markets set a $32.00 price target on Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $40.00 price target on shares of Constellium in a report on Thursday, April 30th. UBS Group started coverage on Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Constellium presently has an average rating of “Buy” and an average price target of $36.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSTM. Royal Bank of Canada grew its holdings 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 buying an additional 3,629 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Constellium by 354.0% during the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock worth $924,000 after buying an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Constellium by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after buying an additional 3,393 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Constellium during the second quarter worth about $218,000. Finally, Norges Bank bought a new position in Constellium in the second quarter valued at approximately $1,499,000. 92.59% of the stock is currently owned by institutional investors.

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.