Insider Selling: Constellium (NYSE:CSTM) SVP Sells 48,784 Shares of Stock

Key Points

• Constellium SVP Philip Ryan Jurkovic sold 48,784 shares on May 1 at an average price of $32.01, generating about $1.56 million and reducing his holding by 22.08% to 172,149 shares.
• Strong quarterly results and buyback: Constellium reported $1.42 EPS versus $0.62 expected with revenue up 24.4% year-over-year, and its board authorized a $300 million share repurchase (up to ~8.8% of shares).
• Market context: Shares traded down ~3.7% to $30.82, with a market cap of about $4.2 billion and a trailing PE of 9.97, trading near its 52-week high of $33.69.

Constellium SE (NYSE:CSTM - Get Free Report) SVP Philip Ryan Jurkovic sold 48,784 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $32.01, for a total transaction of $1,561,575.84. Following the transaction, the senior vice president directly owned 172,149 shares of the company's stock, valued at approximately $5,510,489.49. This represents a 22.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Philip Ryan Jurkovic also recently made the following trade(s):

• On Tuesday, March 10th, Philip Ryan Jurkovic sold 29,900 shares of Constellium stock. The shares were sold at an average price of $25.87, for a total transaction of $773,513.00.

Constellium Trading Down 3.7%

Shares of CSTM traded down $1.19 during mid-day trading on Monday, reaching $30.82. The company's stock had a trading volume of 1,495,640 shares, compared to its average volume of 2,210,983. The stock has a market cap of $4.20 billion, a PE ratio of 9.97 and a beta of 1.54. 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 SE has a 52 week low of $10.71 and a 52 week high of $33.69. The company's fifty day moving average price is $27.02 and its two-hundred day moving average price is $21.94.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results 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. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the business posted $0.26 EPS. The firm's revenue was up 24.4% compared to the same quarter last year. On average, analysts predict that Constellium SE will post 2.85 earnings per share for the current fiscal year.

Constellium announced that its board has authorized a share buyback program on Thursday, March 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of Constellium

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company's stock worth $35,825,000 after purchasing an additional 236,264 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Constellium in the 3rd quarter worth approximately $2,876,000. Knights of Columbus Asset Advisors LLC bought a new position in shares of Constellium in the 3rd quarter worth approximately $1,969,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Constellium by 89.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company's stock worth $1,811,000 after purchasing an additional 57,337 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Constellium by 97.2% in the 3rd quarter. SG Americas Securities LLC now owns 889,288 shares of the industrial products company's stock worth $13,233,000 after purchasing an additional 438,412 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.