Constellium (NYSE:CSTM) SVP Sells $157,797.36 in Stock

Constellium SE (NYSE:CSTM) SVP Martin Jarrett sold 4,716 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $33.46, for a total value of $157,797.36. Following the completion of the sale, the senior vice president owned 15,375 shares in the company, valued at approximately $514,447.50. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Constellium Stock Up 2.9%

CSTM opened at $32.15 on Thursday. Constellium SE has a 12 month low of $11.23 and a 12 month high of $34.94. 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 stock has a market cap of $4.38 billion, a P/E ratio of 10.40 and a beta of 1.54. The stock’s 50 day moving average price is $28.81 and its 200 day moving average price is $23.36.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The firm’s revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. As a group, research analysts predict that Constellium SE will post 3.34 earnings per share for the current year.

Constellium declared that its board has approved a stock buyback plan 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 plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSTM shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 price target on shares of Constellium in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price target on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group initiated coverage on Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price target on the stock. Finally, BMO Capital Markets set a $32.00 price target on Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $36.60.

Hedge Funds Weigh In On Constellium

A number of hedge funds have recently modified their holdings of CSTM. Farther Finance Advisors LLC grew its holdings in shares of Constellium by 6,985.7% in the 4th 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Constellium by 578.6% in the 3rd 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 last quarter. Allworth Financial LP grew its holdings in shares of Constellium by 52.5% in the 4th 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Constellium by 29.7% in the 4th 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 last quarter. Finally, Quarry LP grew its holdings in shares of Constellium by 53.7% in the 3rd 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 last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.