John Ormerod Sells 8,000 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) Director John Ormerod sold 8,000 shares of Constellium stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $35.01, for a total transaction of $280,080.00. Following the transaction, the director directly owned 24,873 shares of the company’s stock, valued at approximately $870,803.73. This trade represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Constellium Trading Down 0.7%

CSTM stock opened at $33.96 on Wednesday. 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 fifty day moving average price of $31.58 and a two-hundred day moving average price of $25.21. Constellium SE has a one year low of $12.68 and a one year high of $36.99. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 10.99 and a beta of 1.55.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping 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 firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the previous year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts anticipate that Constellium SE will post 3.34 EPS for the current year.

Constellium announced that its board has authorized a share buyback program on Thursday, March 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits 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 board believes its shares are undervalued.

Analysts Set New Price Targets

CSTM has been the subject of a number of research reports. UBS Group initiated coverage on Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price for the company. Wells Fargo & Company lifted their target price on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 target price on shares of Constellium in a report on Thursday, April 30th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $36.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised 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 valued at $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $35,000 after purchasing an additional 2,002 shares in the last quarter. Allworth Financial LP raised 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 valued at $39,000 after purchasing an additional 714 shares in the last quarter. GAMMA Investing LLC raised 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 valued at $58,000 after purchasing an additional 707 shares in the last quarter. Finally, Quarry LP raised 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 valued at $83,000 after purchasing an additional 1,960 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.