Nicolas Brun Sells 26,661 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) SVP Nicolas Brun sold 26,661 shares of Constellium stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $33.85, for a total value of $902,474.85. Following the transaction, the senior vice president owned 104,891 shares of the company’s stock, valued at $3,550,560.35. This trade represents a 20.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nicolas Brun also recently made the following trade(s):

• On Monday, March 9th, Nicolas Brun sold 17,701 shares of Constellium stock. The stock was sold at an average price of $24.67, for a total transaction of $436,683.67.

Constellium Trading Up 3.7%

Shares of CSTM stock opened at $34.54 on Thursday. Constellium SE has a 52-week low of $11.23 and a 52-week high of $34.61. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The company has a 50-day simple moving average of $28.16 and a two-hundred day simple moving average of $22.81. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 11.18 and a beta of 1.54.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. Research analysts anticipate that Constellium SE will post 3.34 EPS for the current fiscal year.

Constellium announced that its Board of Directors has initiated a share buyback program on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

CSTM has been the subject of a number of recent analyst reports. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. UBS Group initiated coverage on shares of Constellium in a research report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Zacks Research downgraded shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $40.00 price target on shares of Constellium in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and an average target price of $36.60.

Institutional Investors Weigh In On Constellium

Several large investors have recently modified their holdings of CSTM. JPMorgan Chase & Co. boosted its holdings in Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after buying an additional 236,264 shares during the period. Knights of Columbus Asset Advisors LLC bought a new position in Constellium in the 3rd quarter worth approximately $1,969,000. Sequoia Financial Advisors LLC bought a new position in Constellium in the 3rd quarter worth approximately $2,876,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Constellium by 89.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock worth $1,811,000 after buying an additional 57,337 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Constellium by 55.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 163,261 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 57,909 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium News Summary

Here are the key news stories impacting Constellium this week:

• Positive Sentiment: Constellium’s latest quarterly results were well above expectations, with EPS of $1.42 versus $0.62 expected and revenue of $2.46 billion topping estimates, reinforcing the company’s operational strength. MarketBeat CSTM earnings and stock page
• Positive Sentiment: Several analysts remain constructive, including JPMorgan, Wells Fargo, and UBS, with price targets up to $39 and an average target above the current trading range, which may be supporting investor sentiment. MarketBeat CSTM analyst coverage
• Positive Sentiment: The company also has a $300 million share repurchase authorization, which can signal management believes the stock remains undervalued and can provide ongoing support for the shares. MarketBeat CSTM buyback info
• Neutral Sentiment: Constellium’s share price has moved close to its 52-week high, and recent commentary notes the stock has surged substantially over the past year, suggesting some investors may be weighing momentum against valuation. Yahoo Finance article on CSTM’s one-year surge
• Negative Sentiment: Multiple insiders, including SVP Ludovic Piquier, Nicolas Brun, and Stephane Corre, sold shares this week, which can create pressure on the stock because it may be interpreted as reduced insider confidence. GuruFocus CSTM article

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.