Constellium SE (NYSE:CSTM) Given Average Recommendation of “Moderate Buy” by Brokerages

Constellium SE (NYSE:CSTM) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.60.

Several research firms have recently issued reports on CSTM. UBS Group assumed coverage on shares of Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective on the stock. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. BMO Capital Markets set a $32.00 price objective on Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. restated 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.

Insider Buying and Selling at Constellium

In related news, SVP Marcus Becker sold 10,391 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $34.93, for a total value of $362,957.63. Following the sale, the senior vice president owned 16,784 shares of the company’s stock, valued at $586,265.12. The trade was a 38.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Martin Jarrett sold 4,716 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $33.46, for a total transaction of $157,797.36. Following the completion of the transaction, the senior vice president directly owned 15,375 shares of the company’s stock, valued at $514,447.50. This trade represents a 23.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 195,153 shares of company stock worth $6,369,312 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Constellium

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ethic Inc. raised its position in Constellium by 1.6% in the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after buying an additional 456 shares during the last quarter. Mackenzie Financial Corp boosted its position in Constellium by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 512 shares during the last quarter. Summit Global Investments grew its stake in shares of Constellium by 1.7% during the 1st quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 554 shares in the last quarter. Moran Wealth Management LLC raised its holdings in shares of Constellium by 6.7% in the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 692 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 707 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of Constellium stock traded down $0.28 during midday trading on Tuesday, hitting $29.91. The company had a trading volume of 419,545 shares, compared to its average volume of 2,181,515. The business’s 50 day simple moving average is $33.13 and its two-hundred day simple moving average is $27.29. The stock has a market cap of $4.07 billion, a PE ratio of 9.68 and a beta of 1.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. Constellium has a 1-year low of $13.04 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last released 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. 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 prior year, the company earned $0.26 EPS. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, equities analysts predict that Constellium will post 3.34 EPS for the current fiscal year.

Constellium declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.