Constellium (NYSE:CSTM) SVP Ludovic Piquier Sells 1,000 Shares

Constellium SE (NYSE:CSTM) SVP Ludovic Piquier sold 1,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $33.57, for a total value of $33,570.00. Following the transaction, the senior vice president directly owned 241,713 shares in the company, valued at approximately $8,114,305.41. The trade was a 0.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Constellium Stock Up 3.7%

Shares of CSTM traded up $1.23 during mid-day trading on Wednesday, hitting $34.54. 2,203,025 shares of the company’s stock were exchanged, compared to its average volume of 2,206,898. The stock’s 50-day moving average is $27.99 and its 200-day moving average is $22.69. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. Constellium SE has a fifty-two week low of $11.23 and a fifty-two week high of $34.61. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 11.18 and a beta of 1.54.

Constellium (NYSE:CSTM) 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 firm had revenue of $2.46 billion for 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 firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. On average, sell-side analysts anticipate that Constellium SE will post 3.34 earnings per share for the current fiscal year.

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

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in Constellium by 35.4% during the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after buying an additional 1,813,400 shares during the last quarter. Morgan Stanley raised its position in shares of Constellium by 48.4% during the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after acquiring an additional 1,216,516 shares in the last quarter. Scopus Asset Management L.P. purchased a new stake in Constellium during the second quarter worth approximately $14,054,000. Vanguard Group Inc. boosted its holdings in Constellium by 39.7% in the third quarter. Vanguard Group Inc. now owns 3,299,064 shares of the industrial products company’s stock valued at $49,090,000 after purchasing an additional 938,155 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Constellium in the second quarter valued at approximately $9,498,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued 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, May 5th. They set a “buy” rating and a $38.00 target price on the stock. 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

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.