Key Points
- Stephane Corre sold 3,000 Constellium shares on Feb. 27 at an average price of $24.69 (worth $74,070), reducing his stake to 44,444 shares (a 6.32% decrease), after also selling 3,200 shares on Feb. 25 at $25.71.
- Constellium beat expectations for the quarter with $0.80 EPS versus $0.36 expected and $2.20B in revenue (vs. $2.05B), with revenue up 27.9% year-over-year.
- Several analysts raised targets and ratings (price targets moved into the high-$20s), giving the stock an average rating of "Buy" and a consensus target of $29.00.
Constellium SE (NYSE:CSTM - Get Free Report) insider Stephane Corre sold 3,000 shares of Constellium stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $24.69, for a total value of $74,070.00. Following the sale, the insider directly owned 44,444 shares in the company, valued at $1,097,322.36. The trade was a 6.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Stephane Corre also recently made the following trade(s):
- On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The stock was sold at an average price of $25.71, for a total value of $82,272.00.
Constellium Trading Down 0.8%
Shares of CSTM stock opened at $25.86 on Wednesday. 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 firm has a fifty day moving average of $22.72 and a 200-day moving average of $18.24. Constellium SE has a 52-week low of $7.32 and a 52-week high of $27.25. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 13.40 and a beta of 1.48.
Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.44. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.Constellium's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) EPS. On average, equities research analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.
Analyst Ratings Changes
CSTM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellium from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Weiss Ratings restated a "hold (c)" rating on shares of Constellium in a research report on Monday, December 29th. Wall Street Zen raised shares of Constellium from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Wells Fargo & Company raised their price objective on shares of Constellium from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price on Constellium from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $29.00.
View Our Latest Stock Report on CSTM
Institutional Investors Weigh In On Constellium
Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Constellium by 5.3% during the 1st quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company's stock valued at $732,000 after acquiring an additional 3,629 shares during the last quarter. AQR Capital Management LLC lifted its stake in Constellium by 354.0% in the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company's stock valued at $924,000 after buying an additional 71,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Constellium during the 2nd quarter worth about $1,401,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Constellium in the 2nd quarter valued at about $482,000. Institutional investors and hedge funds own 92.59% of the company's stock.
About Constellium
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
