Constellium SE (NYSE:CSTM – Get Free Report) insider Stephane Corre sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was 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 in the company, valued at approximately $2,156,708.52. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $25.89, for a total transaction of $38,835.00.
- On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The shares were sold at an average price of $24.69, for a total transaction of $74,070.00.
- On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The shares were sold at an average price of $25.71, for a total transaction of $82,272.00.
Constellium Stock Down 3.7%
Shares of NYSE:CSTM traded down $1.19 during midday trading on Monday, hitting $30.82. 1,495,640 shares of the company’s stock traded hands, compared to its average volume of 2,210,983. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The company has a market cap of $4.20 billion, a PE ratio of 9.97 and a beta of 1.54. The firm’s fifty day moving average price is $27.02 and its two-hundred day moving average price is $21.94. Constellium SE has a twelve month low of $10.71 and a twelve month high of $33.69.
Constellium declared that its Board of Directors has approved a share repurchase program on Thursday, March 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Analysts Set New Price Targets
Several research firms have recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $40.00 target price on shares of Constellium in a research report on Thursday. Wells Fargo & Company boosted 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. Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. 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. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.25.
Get Our Latest Report on Constellium
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. LGT Fund Management Co Ltd. acquired a new stake in shares of Constellium in the 1st quarter worth approximately $4,048,000. Sequoia Financial Advisors LLC lifted its stake in shares of Constellium by 1.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 197,198 shares of the industrial products company’s stock worth $4,847,000 after acquiring an additional 3,716 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Constellium by 15.3% in the 1st quarter. Hsbc Holdings PLC now owns 84,643 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 11,207 shares during the period. Cvfg LLC acquired a new stake in shares of Constellium in the 1st quarter worth approximately $6,716,000. Finally, Collaborative Fund Advisors LLC acquired a new stake in shares of Constellium in the 1st quarter worth approximately $204,000. Institutional investors own 92.59% of the company’s stock.
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.
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