Nicolas Brun Sells 26,661 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) SVP Nicolas Brun sold 26,661 shares of Constellium stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $33.85, for a total value of $902,474.85. Following the transaction, the senior vice president owned 104,891 shares of the company’s stock, valued at $3,550,560.35. This trade represents a 20.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nicolas Brun also recently made the following trade(s):

• On Monday, March 9th, Nicolas Brun sold 17,701 shares of Constellium stock. The stock was sold at an average price of $24.67, for a total value of $436,683.67.

Constellium Stock Performance

Constellium stock traded down $1.30 during trading on Tuesday, hitting $32.90. The stock had a trading volume of 879,016 shares, compared to its average volume of 2,198,703. Constellium SE has a 1 year low of $11.23 and a 1 year high of $34.35. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. The stock’s 50 day moving average is $27.82 and its two-hundred day moving average is $22.56. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 10.65 and a beta of 1.54.

Constellium (NYSE:CSTM) last posted its quarterly earnings data 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. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. Constellium’s revenue for the quarter was up 24.4% on a year-over-year basis. As a group, analysts predict that Constellium SE will post 3.34 EPS for the current year.

Constellium declared that its board has authorized a stock 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in Constellium by 6,985.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,467 shares during the last quarter. Allworth Financial LP grew its position in Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after buying an additional 714 shares during the period. EverSource Wealth Advisors LLC grew its position in Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after buying an additional 2,002 shares during the period. GAMMA Investing LLC lifted its holdings in Constellium by 29.7% during 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 lifted its stake in shares of 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 buying an additional 1,960 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 price objective on shares of Constellium in a research note on Thursday, April 30th. Wells Fargo & Company raised their price target on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group assumed coverage on shares of Constellium in a research report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 target price for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Constellium has an average rating of “Moderate Buy” and a consensus price target 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.