Key Points
- Director Jean-Christophe Deslarzes bought 1,665 shares on March 2 at an average price of $24.77, spending $41,242 and increasing his stake 4.27% to 40,700 shares (about $1.01M); the trade was disclosed in an SEC filing.
- Constellium's board authorized a $300 million share buyback program, allowing repurchases of up to 8.8% of outstanding shares, a move that typically signals the board views the stock as undervalued.
- The company beat expectations last quarter with EPS of $0.80 versus $0.36 expected and revenue of $2.20B (up 27.9% year-over-year), and analysts have raised price targets leading to a consensus "Buy" rating and a $29 target.
Constellium SE (NYSE:CSTM - Get Free Report) Director Jean-Christophe Deslarzes bought 1,665 shares of the stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $24.77 per share, for a total transaction of $41,242.05. Following the completion of the transaction, the director owned 40,700 shares of the company's stock, valued at approximately $1,008,139. The trade was a 4.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Constellium Stock Down 0.5%
CSTM stock opened at $25.18 on Wednesday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 13.05 and a beta of 1.48. The company has a fifty day moving average price of $23.95 and a 200 day moving average price of $19.01. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. Constellium SE has a 12 month low of $7.32 and a 12 month high of $27.41.
Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.44. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 32.14%. Constellium's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the firm posted ($0.34) EPS. Sell-side analysts expect that Constellium SE will post 1.1 earnings per share for the current year.
Constellium announced that its Board of Directors has authorized a stock repurchase program 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 programs are usually a sign that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On Constellium
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in shares of Constellium by 28.2% in the 4th quarter. Hsbc Holdings PLC now owns 73,436 shares of the industrial products company's stock valued at $1,382,000 after buying an additional 16,164 shares during the period. Invesco Ltd. raised its position in Constellium by 16.2% in the fourth quarter. Invesco Ltd. now owns 164,654 shares of the industrial products company's stock worth $3,104,000 after acquiring an additional 22,942 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Constellium by 46.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,277 shares of the industrial products company's stock valued at $665,000 after acquiring an additional 11,267 shares during the period. EP Wealth Advisors LLC acquired a new stake in Constellium in the fourth quarter valued at $321,000. Finally, Mackenzie Financial Corp boosted its position in shares of Constellium by 0.4% during the 4th 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. Institutional investors and hedge funds own 92.59% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Constellium from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. BMO Capital Markets upped their price target on Constellium from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. increased their price target on Constellium from $26.00 to $29.00 and gave the stock an "overweight" rating in a report 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 reissued 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $29.00.
View Our Latest Stock Report on Constellium
About Constellium
(
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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.
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