Key Points
- Constellium SVP Ludovic Piquier sold 1,000 shares on May 12 at an average price of $33.57, totaling $33,570. After the sale, he still held 241,713 shares valued at about $8.11 million.
- The stock has been strong recently, opening at $34.54 and trading near its 12-month high of $34.61. Constellium is up 3.7% in the session highlighted by the article.
- Analysts remain bullish after a strong earnings report, with Constellium beating quarterly EPS estimates and revenue expectations. The consensus rating is “Buy,” and the average price target is $36.60.
Constellium SE (NYSE:CSTM - Get Free Report) SVP Ludovic Piquier sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.57, for a total transaction of $33,570.00. Following the completion of the sale, the senior vice president directly owned 241,713 shares in the company, valued at $8,114,305.41. This trade represents a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Constellium Stock Up 3.7%
Shares of NYSE CSTM opened at $34.54 on Thursday. Constellium SE has a 12-month low of $11.23 and a 12-month high of $34.61. The company has a market capitalization of $4.70 billion, a PE ratio of 11.18 and a beta of 1.54. 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 firm's 50-day moving average is $28.16 and its two-hundred day moving average is $22.81.
Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company's revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. Equities analysts anticipate that Constellium SE will post 3.34 EPS for the current fiscal year.
Constellium declared that its board has authorized a share repurchase plan on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Constellium
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ethic Inc. increased its position in Constellium by 1.6% during the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company's stock worth $552,000 after purchasing an additional 456 shares during the last quarter. Mackenzie Financial Corp increased its position in Constellium by 0.4% during the fourth 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 during the last quarter. Summit Global Investments increased its position in Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company's stock worth $831,000 after purchasing an additional 554 shares during the last quarter. Moran Wealth Management LLC increased its position in Constellium by 6.7% during the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company's stock worth $271,000 after purchasing an additional 692 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Constellium by 29.7% during the fourth 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. Institutional investors and hedge funds own 92.59% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on CSTM shares. Zacks Research raised shares of Constellium from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. UBS Group started 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. JPMorgan Chase & Co. reissued 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 shares of Constellium and gave the company an "outperform" rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $36.60.
Check Out Our Latest Report on Constellium
Constellium Company Profile
(
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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