Constellium (NYSE:CSTM) Stock Price Up 9.9% – Time to Buy?

Shares of Constellium SE (NYSE:CSTM) rose 9.9% during mid-day trading on Wednesday . The company traded as high as $27.22 and last traded at $27.0030. Approximately 1,667,246 shares were traded during trading, a decline of 21% from the average daily volume of 2,099,602 shares. The stock had previously closed at $24.58.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Wells Fargo & Company upped their price objective on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $29.00.

Constellium Stock Up 1.1%

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.51 and a current ratio of 1.29. The company has a market cap of $3.73 billion, a P/E ratio of 14.31 and a beta of 1.43. The stock has a 50 day moving average price of $24.59 and a 200 day moving average price of $19.79.

Constellium (NYSE:CSTM) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.44. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.34) earnings per share. Research analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, SVP Philip Ryan Jurkovic sold 29,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total value of $773,513.00. Following the sale, the senior vice president directly owned 210,723 shares in the company, valued at $5,451,404.01. The trade was a 12.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jack Q. Guo sold 41,717 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $1,079,218.79. Following the sale, the chief financial officer directly owned 190,879 shares of the company’s stock, valued at approximately $4,938,039.73. This represents a 17.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 214,543 shares of company stock worth $5,565,129. 1.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Constellium

Several large investors have recently modified their holdings of the stock. Ethic Inc. raised its position in shares of Constellium by 1.6% during the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 456 shares during the period. Mackenzie Financial Corp boosted its position in shares of Constellium by 0.4% in the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 512 shares during the period. GAMMA Investing LLC boosted its position 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 valued at $58,000 after purchasing an additional 707 shares during the period. Allworth Financial LP increased its stake in 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 purchasing an additional 714 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Constellium by 34.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after buying an additional 803 shares during the period. 92.59% of the stock is owned by 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.