Key Points
- SVP Philip Ryan Jurkovic sold 48,784 shares of Constellium on May 1 at an average price of $32.01 for about $1.56 million, trimming his stake by 22.08% to 172,149 shares (valued at ~$5.51 million).
- Constellium reported a strong quarter with $1.42 EPS versus $0.62 expected and revenue of $2.46 billion (up 24.4% YoY), and its Board approved a $300 million share buyback (about 8.8% of shares outstanding).
- Analysts are generally positive (consensus "Moderate Buy" and a $36.25 price target); the stock trades near $30.77 with a market cap of about $4.19 billion and a PE of ~9.96.
Constellium SE (NYSE:CSTM - Get Free Report) insider Stephane Corre sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $32.04, for a total transaction of $160,200.00. Following the sale, the insider directly owned 67,313 shares of the company's stock, valued at approximately $2,156,708.52. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Stephane Corre also recently made the following trade(s):
- On Tuesday, March 10th, Stephane Corre sold 1,500 shares of Constellium stock. The shares were sold at an average price of $25.89, for a total transaction of $38,835.00.
- On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The stock was sold at an average price of $24.69, for a total value of $74,070.00.
- On Wednesday, February 25th, Stephane Corre sold 3,200 shares of Constellium stock. The shares were sold at an average price of $25.71, for a total value of $82,272.00.
Constellium Stock Down 3.9%
NYSE CSTM opened at $30.77 on Tuesday. The stock has a 50 day moving average price of $27.02 and a 200-day moving average price of $21.94. Constellium SE has a one year low of $10.71 and a one year high of $33.69. The company has a market capitalization of $4.19 billion, a P/E ratio of 9.96 and a beta of 1.54. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39.
Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results 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 net margin of 4.87% and a return on equity of 46.22%. The company 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 business posted $0.26 earnings per share. Constellium's quarterly revenue was up 24.4% on a year-over-year basis. As a group, equities analysts predict that Constellium SE will post 2.85 EPS for the current fiscal year.
Constellium announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CSTM. BMO Capital Markets set a $32.00 price target on shares of Constellium and gave the stock an "outperform" rating in a research report on Thursday, April 9th. Zacks Research cut shares of Constellium from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $40.00 price target on shares of Constellium in a research report on Thursday. Wells Fargo & Company boosted their price target 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. Finally, JPMorgan Chase & Co. restated 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. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Constellium has an average rating of "Moderate Buy" and a consensus target price of $36.25.
View Our Latest Stock Report on CSTM
Institutional Investors Weigh In On Constellium
Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Constellium by 6,985.7% in the 4th 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 during the last quarter. Allworth Financial LP lifted its holdings 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 worth $39,000 after acquiring an additional 714 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 acquiring an additional 2,002 shares during 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 worth $58,000 after acquiring an additional 707 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Constellium by 53.7% in 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 last quarter. Institutional investors own 92.59% of the company's stock.
About Constellium
(
Get Free Report)
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.
Further Reading
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