Constellium (NYSE:CSTM) Insider Sells $160,200.00 in Stock

Key Points

• Insider sale: Executive Stephane Corre sold 5,000 Constellium shares on May 1 at an average price of $32.04 for $160,200, trimming his stake by 6.91% to 67,313 shares (worth about $2.16M); he also executed multiple share sales earlier in the year.
• Strong quarter and buyback: Constellium beat Q1 estimates with $1.42 EPS (vs. $0.62 est.) and 24.4% revenue growth to $2.46B, and its board approved a $300M repurchase program to buy back up to about 8.8% of shares.
• Market view: Shares trade near $30.82 (52-week high $33.69), the company has a $4.2B market cap, and analysts on balance rate the stock a "Moderate Buy" with an average target of $36.25.

Constellium SE (NYSE:CSTM - Get Free Report) insider Stephane Corre sold 5,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $32.04, for a total value of $160,200.00. Following the completion of the sale, the insider directly owned 67,313 shares of the company's stock, valued at $2,156,708.52. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Stephane Corre also recently made the following trade(s):

• On Tuesday, March 10th, Stephane Corre sold 1,500 shares of Constellium stock. The stock was sold at an average price of $25.89, for a total value of $38,835.00.
• On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The stock was sold at an average price of $24.69, for a total value of $74,070.00.
• 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 Stock Performance

Shares of CSTM traded down $1.19 during mid-day trading on Monday, hitting $30.82. 1,495,640 shares of the company's stock were exchanged, compared to its average volume of 2,210,983. Constellium SE has a fifty-two week low of $10.71 and a fifty-two week high of $33.69. The firm has a market capitalization of $4.20 billion, a P/E ratio of 9.97 and a beta of 1.54. The business's 50 day moving average is $27.02 and its two-hundred day moving average is $21.94. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts expect that Constellium SE will post 2.85 earnings per share for the current year.

Constellium announced that its Board of Directors has approved a share buyback plan on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. LGT Fund Management Co Ltd. acquired a new position in Constellium in the 1st quarter valued at $4,048,000. Sequoia Financial Advisors LLC raised its holdings in Constellium by 1.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 197,198 shares of the industrial products company's stock valued at $4,847,000 after acquiring an additional 3,716 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Constellium by 15.3% in the 1st quarter. Hsbc Holdings PLC now owns 84,643 shares of the industrial products company's stock valued at $2,063,000 after acquiring an additional 11,207 shares during the last quarter. Cvfg LLC acquired a new stake in Constellium in the 1st quarter worth about $6,716,000. Finally, Collaborative Fund Advisors LLC acquired a new stake in Constellium in the 1st quarter worth about $204,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CSTM. JPMorgan Chase & Co. restated a "neutral" rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of Constellium from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $40.00 price objective on shares of Constellium in a research report on Thursday. Zacks Research downgraded shares of Constellium from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the company an "outperform" rating in a report on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Constellium has an average rating of "Moderate Buy" and an average target price of $36.25.

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.

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