Constellium (NYSE:CSTM) SVP Marcus Becker Sells 10,391 Shares of Stock

Constellium SE (NYSE:CSTM) SVP Marcus Becker sold 10,391 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $34.93, for a total transaction of $362,957.63. Following the transaction, the senior vice president owned 16,784 shares in the company, valued at approximately $586,265.12. The trade was a 38.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Marcus Becker also recently made the following trade(s):

• On Tuesday, March 10th, Marcus Becker sold 1,113 shares of Constellium stock. The stock was sold at an average price of $25.87, for a total transaction of $28,793.31.

Constellium Stock Up 1.1%

Constellium stock opened at $34.65 on Tuesday. The company’s 50 day simple moving average is $30.25 and its 200 day simple moving average is $24.38. Constellium SE has a fifty-two week low of $12.11 and a fifty-two week high of $35.29. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 11.21 and a beta of 1.55. 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 released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.80. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. Constellium’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. As a group, sell-side analysts anticipate that Constellium SE will post 3.34 EPS for the current year.

Constellium announced that its Board of Directors has approved a stock repurchase program on Thursday, March 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC grew 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. EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after buying an additional 2,002 shares in the last quarter. Allworth Financial LP grew its stake in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after buying an additional 714 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after buying an additional 707 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,960 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CSTM has been the topic of several research analyst reports. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Constellium in a report on Tuesday, May 26th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group initiated coverage on shares of Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $36.60.

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.