Constellium (NYSE:CSTM) SVP Sells $33,570.00 in Stock

Constellium SE (NYSE:CSTM) SVP Ludovic Piquier sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $33.57, for a total value of $33,570.00. Following the completion of the transaction, the senior vice president directly owned 241,713 shares in the company, valued at approximately $8,114,305.41. This represents a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Constellium Stock Down 4.8%

CSTM stock opened at $31.88 on Friday. The stock’s fifty day simple moving average is $28.42 and its two-hundred day simple moving average is $22.99. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. Constellium SE has a 1-year low of $11.23 and a 1-year high of $34.94. The stock has a market cap of $4.34 billion, a P/E ratio of 10.32 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 earnings per share for the quarter, topping 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 analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s revenue was up 24.4% on a year-over-year basis. Analysts expect that Constellium SE will post 3.34 EPS for the current year.

Constellium declared that its Board of Directors has approved a share repurchase plan on Thursday, March 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on CSTM shares. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. UBS Group started coverage on Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price target on the stock. Finally, BMO Capital Markets set a $32.00 price target on Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $36.60.

Institutional Trading of Constellium

A number of institutional investors have recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC lifted its holdings in Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares in the last quarter. Allworth Financial LP grew its stake 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 acquiring an additional 714 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 707 shares in the last quarter. Finally, Quarry LP increased its holdings in Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.