Constellium (NYSE:CSTM) Director Buys $84,600.00 in Stock

Constellium SE (NYSE:CSTM) Director Bradley Lee Soultz bought 2,500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $33.84 per share, for a total transaction of $84,600.00. Following the completion of the purchase, the director owned 2,500 shares of the company’s stock, valued at approximately $84,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Constellium Stock Up 2.9%

CSTM opened at $32.15 on Thursday. 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 has a market cap of $4.38 billion, a price-to-earnings ratio of 10.40 and a beta of 1.54. Constellium SE has a twelve month low of $11.23 and a twelve month high of $34.94. The company’s 50-day moving average price is $28.81 and its two-hundred day moving average price is $23.36.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.87% and a return on equity of 46.22%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, equities analysts expect that Constellium SE will post 3.34 earnings per share for the current year.

Constellium declared that its board has authorized a share buyback plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

CSTM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Wells Fargo & Company upped their price target on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. BMO Capital Markets set a $32.00 price target on shares of Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, UBS Group started coverage on shares of Constellium in a research note on Tuesday, May 5th. They set a “buy” rating and a $38.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $36.60.

Institutional Trading of Constellium

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC lifted its stake in shares of Constellium by 35.4% during the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after buying an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC increased its holdings in Constellium by 9.2% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after acquiring an additional 393,640 shares during the period. Vanguard Group Inc. increased its holdings in Constellium by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock worth $76,436,000 after acquiring an additional 755,918 shares during the period. Morgan Stanley increased its holdings in 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 during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Constellium by 620.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after acquiring an additional 2,780,260 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.