Constellium SE (NYSE:CSTM – Get Free Report) SVP Philip Ryan Jurkovic sold 48,784 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $32.01, for a total transaction of $1,561,575.84. Following the sale, the senior vice president owned 172,149 shares in the company, valued at approximately $5,510,489.49. The trade was a 22.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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 stock was sold at an average price of $25.87, for a total transaction of $773,513.00.
Constellium Stock Performance
NYSE CSTM traded down $1.19 on Monday, reaching $30.82. 1,495,640 shares of the stock were exchanged, compared to its average volume of 2,210,983. Constellium SE has a one year low of $10.71 and a one year high of $33.69. The firm has a market capitalization of $4.20 billion, a PE ratio of 9.97 and a beta of 1.54. The company’s 50-day simple moving average is $27.02 and its two-hundred day simple 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 declared that its board has authorized a share repurchase plan on Thursday, March 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Institutional Trading of Constellium
Several institutional investors and hedge funds have recently made changes to their positions in CSTM. Farther Finance Advisors LLC lifted its stake in Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares during the period. Allworth Financial LP lifted its stake in Constellium by 52.5% in the fourth 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 period. EverSource Wealth Advisors LLC lifted its stake in Constellium by 578.6% in the third 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. GAMMA Investing LLC lifted its stake in Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 707 shares during the period. Finally, Quarry LP lifted its stake in Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the period. 92.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CSTM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a report on Thursday. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 price objective on shares of Constellium in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.25.
Read Our Latest Report on CSTM
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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