Key Points
- Insider sale: Philippe Hoffmann sold 80,000 Constellium shares on March 4 at an average price of $26.45 for proceeds of $2.116M, reducing his stake by 59.07% to 55,425 shares, according to an SEC filing.
- Quarterly beat: Constellium reported EPS of $0.80 versus $0.36 expected and revenue of $2.20B (up 27.9% YoY), reflecting stronger-than-expected results and improved profitability (ROE 32.14%).
- Analyst sentiment has turned positive with several price-target raises (JPMorgan to $29, BMO to $30, Wells Fargo to $29) and a MarketBeat consensus of Buy with an average target of $29.00.
Constellium SE (NYSE:CSTM - Get Free Report) insider Philippe Hoffmann sold 80,000 shares of Constellium stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $26.45, for a total transaction of $2,116,000.00. Following the transaction, the insider owned 55,425 shares in the company, valued at approximately $1,465,991.25. The trade was a 59.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Constellium Price Performance
CSTM opened at $24.70 on Friday. The stock has a fifty day moving average of $23.13 and a 200-day moving average of $18.43. The firm has a market capitalization of $3.34 billion, a P/E ratio of 12.80 and a beta of 1.48. Constellium SE has a 12-month low of $7.32 and a 12-month high of $27.41. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 1.96.
Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.44. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.Constellium's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.34) earnings per share. Equities analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.
Institutional Trading of Constellium
Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company's stock worth $28,000 after buying an additional 1,467 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company's stock worth $35,000 after acquiring an additional 2,002 shares during the period. Allworth Financial LP lifted its position in Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company's stock worth $39,000 after acquiring an additional 714 shares during the last quarter. KBC Group NV acquired a new position in Constellium during the 2nd quarter worth $56,000. Finally, GAMMA Investing LLC boosted its holdings in Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 707 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on CSTM shares. JPMorgan Chase & Co. upped their target price on Constellium from $26.00 to $29.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. BMO Capital Markets boosted their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. Zacks Research upgraded shares of Constellium from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Weiss Ratings restated a "hold (c)" rating on shares of Constellium in a report on Monday, December 29th. Finally, Wells Fargo & Company upped their price target on shares of Constellium from $25.00 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 given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Constellium presently has a consensus rating of "Buy" and an average price target of $29.00.
Check Out Our Latest Stock Report on CSTM
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.
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