Philippe Hoffmann Sells 50,000 Shares of Constellium (NYSE:CSTM) Stock

Key Points

• Philippe Hoffmann sold 50,000 Constellium shares on May 1 at an average price of $31.92 for $1.596M, cutting his holding by 25.75% to 144,153 shares.
• Constellium posted a strong quarter (EPS $1.42 vs. $0.62 expected; revenue $2.46B, +24.4% YoY) and its board authorized a $300M buyback (about 8.8% of shares), signaling management confidence.
• Analysts have largely turned positive (consensus "Moderate Buy", average target $36.60) even as several other insiders executed sizable sales, creating mixed sentiment for the stock.

Constellium SE (NYSE:CSTM - Get Free Report) insider Philippe Hoffmann sold 50,000 shares of the company's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $31.92, for a total transaction of $1,596,000.00. Following the completion of the transaction, the insider owned 144,153 shares of the company's stock, valued at $4,601,363.76. This represents a 25.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Philippe Hoffmann also recently made the following trade(s):

• On Tuesday, March 10th, Philippe Hoffmann sold 4,728 shares of Constellium stock. The shares were sold at an average price of $25.87, for a total transaction of $122,313.36.
• On Wednesday, March 4th, Philippe Hoffmann sold 80,000 shares of Constellium stock. The shares were sold at an average price of $26.45, for a total transaction of $2,116,000.00.

Constellium Price Performance

Constellium stock traded up $2.22 during mid-day trading on Tuesday, reaching $33.06. The company had a trading volume of 1,246,240 shares, compared to its average volume of 2,217,386. Constellium SE has a 1 year low of $10.71 and a 1 year high of $33.69. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The company has a market capitalization of $4.50 billion, a P/E ratio of 10.70 and a beta of 1.54. The stock's 50-day simple moving average is $27.02 and its 200-day simple moving average is $21.94.

Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (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 analysts' expectations of $2.43 billion. During the same period last year, the company posted $0.26 earnings per share. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities analysts predict that Constellium SE will post 2.85 EPS for the current year.

Constellium declared that its Board of Directors has authorized a share buyback program on Thursday, March 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

CSTM has been the subject of a number of recent research reports. Zacks Research cut shares of Constellium from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. UBS Group began coverage on shares of Constellium in a research note on Tuesday. They issued a "buy" rating and a $38.00 target price for the company. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an "outperform" rating in a research note on Thursday, April 9th. Finally, Wells Fargo & Company lifted their target price on shares of Constellium from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Constellium currently has a consensus rating of "Moderate Buy" and an average price target of $36.60.

Institutional Inflows and Outflows

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

Key Stories Impacting Constellium

Here are the key news stories impacting Constellium this week:

• Positive Sentiment: Strong quarter: Constellium reported a sizable earnings and revenue beat for the latest quarter, with accelerating revenue growth and improved margins — a core reason investors are bidding the stock higher. Seeking Alpha Quarter Coverage
• Positive Sentiment: Sector momentum: Industry commentary says Constellium’s growth story is gaining traction within the global aluminum market (demand/price environment benefits), supporting upside potential. Kalkine Media: Growth Story
• Positive Sentiment: Capital returns & analyst support: The board’s $300M buyback authorization and several broker upgrades/raised targets are driving positive sentiment and imply management confidence in the outlook. MarketBeat: Analyst Notes & Buyback
• Neutral Sentiment: Minor insider buy: A director made a modest purchase (~$41k), which is supportive but small relative to company float. AmericanBankingNews: Director Buy
• Negative Sentiment: Large insider sales: Senior VP Philip Ryan Jurkovic sold ~48,784 shares (~$1.56M) and another insider (Stephane Corre) sold 5,000 shares — sizable disposals that can weigh on sentiment and be interpreted as insiders taking profits. AmericanBankingNews: Jurkovic Sale InsiderTrades: Corre Sale
• Negative Sentiment: Seeking Alpha: Sustainability Caveat

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.

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.