Insider Buying: Constellium (NYSE:CSTM) Director Acquires 2,500 Shares of Stock

Constellium SE (NYSE:CSTM) Director Bradley Lee Soultz acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $33.84 per share, with a total value of $84,600.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at $84,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Constellium Trading Up 1.4%

Shares of CSTM traded up $0.46 during trading hours on Monday, hitting $32.37. 869,709 shares of the stock were exchanged, compared to its average volume of 2,176,850. Constellium SE has a fifty-two week low of $11.23 and a fifty-two week high of $34.94. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The business has a 50-day moving average of $28.42 and a 200-day moving average of $23.04. The firm has a market capitalization of $4.41 billion, a P/E ratio of 10.49 and a beta of 1.54.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion during 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 business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. On average, research analysts expect that Constellium SE will post 3.34 EPS for the current year.

Constellium declared that its board has authorized a stock repurchase program 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 purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSTM. Farther Finance Advisors LLC raised its stake in Constellium by 6,985.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Constellium by 578.6% in 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 increased its holdings 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. GAMMA Investing LLC increased its holdings in Constellium by 29.7% in the 4th 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. Finally, Quarry LP increased its stake in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,960 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

CSTM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $40.00 target price on shares of Constellium 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 report on Thursday, April 9th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Finally, UBS Group initiated coverage on shares of Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $36.60.

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.