Key Points
- Constellium SVP Nicolas Brun sold 26,661 shares on May 11 at an average price of $33.85, totaling about $902,475. The sale reduced his ownership by 20.27% to 104,891 shares.
- The company recently reported strong quarterly results, with EPS of $1.42 versus analyst expectations of $0.62 and revenue of $2.46 billion, ahead of estimates. Revenue also rose 24.4% year over year.
- Constellium has a $300 million share buyback program in place, and Wall Street sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $36.60.
Constellium SE (NYSE:CSTM - Get Free Report) insider Stephane Corre sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $33.52, for a total value of $167,600.00. Following the transaction, the insider directly owned 62,313 shares in the company, valued at approximately $2,088,731.76. This represents a 7.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Stephane Corre also recently made the following trade(s):
- On Friday, May 1st, Stephane Corre sold 5,000 shares of Constellium stock. The shares were sold at an average price of $32.04, for a total value of $160,200.00.
- 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 value of $38,835.00.
- On Friday, February 27th, Stephane Corre sold 3,000 shares of Constellium stock. The shares were 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 Performance
NYSE CSTM opened at $33.35 on Wednesday. The company has a market cap of $4.54 billion, a P/E ratio of 10.79 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. The business's 50 day moving average price is $27.99 and its 200-day moving average price is $22.69. Constellium SE has a fifty-two week low of $11.23 and a fifty-two week high of $34.35.
Constellium (NYSE:CSTM - Get Free Report) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Sell-side analysts predict that Constellium SE will post 3.34 earnings per share for the current year.
Constellium declared that its Board of Directors has approved a stock buyback plan 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 buy up to 8.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On Constellium
A number of hedge funds have recently made changes to their positions in CSTM. Farther Finance Advisors LLC lifted its stake in shares of 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 during the last quarter. Allworth Financial LP lifted its stake in shares of Constellium by 52.5% during 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 during the last quarter. GAMMA Investing LLC lifted its stake in shares of Constellium by 29.7% during 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 during the last quarter. Finally, Quarry LP raised its stake in 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 last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the company an "outperform" rating in a research report on Thursday, April 9th. Zacks Research downgraded Constellium from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Wells Fargo & Company upped their price objective on Constellium from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, UBS Group assumed coverage on Constellium in a research report on Tuesday, May 5th. They issued a "buy" rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Constellium presently has an average rating of "Moderate Buy" and an average target price of $36.60.
View Our Latest Stock Analysis on CSTM
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.
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