Constellium (NYSE:CSTM) Director Jean-Christophe Deslarzes Purchases 1,665 Shares of Stock

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes acquired 1,665 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $24.77 per share, with a total value of $41,242.05. Following the completion of the purchase, the director directly owned 40,700 shares of the company’s stock, valued at approximately $1,008,139. This represents a 4.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Constellium Stock Performance

NYSE CSTM opened at $25.18 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. The company has a market cap of $3.40 billion, a P/E ratio of 13.05 and a beta of 1.48. The stock has a 50-day moving average of $23.95 and a two-hundred day moving average of $19.01. Constellium SE has a 1-year low of $7.32 and a 1-year high of $27.41.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Wells Fargo & Company raised their target price on shares of Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $29.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSTM. Ethic Inc. lifted its position in Constellium by 1.6% in the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 456 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Constellium by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 512 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 last quarter. Allworth Financial LP boosted its position in shares of Constellium by 52.5% in the 4th 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 during the period. Finally, EverSource Wealth Advisors LLC grew its stake 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 last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.