Key Points
- Constellium director Bradley Lee Soultz bought 2,500 shares on May 14 at an average price of $33.84, totaling $84,600. The purchase increased his direct ownership to 2,500 shares.
- The company recently reported better-than-expected quarterly results, with EPS of $1.42 versus the $0.62 consensus and revenue of $2.46 billion, up 24.4% from a year earlier.
- Constellium’s board also authorized a $300 million share buyback, and analysts remain broadly positive with an average rating of “Buy” and an average price target of $36.60.
Constellium SE (NYSE:CSTM - Get Free Report) Director Bradley Lee Soultz bought 2,500 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $33.84 per share, for a total transaction of $84,600.00. Following the completion of the purchase, the director directly owned 2,500 shares in the company, valued at approximately $84,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Constellium Stock Performance
NYSE CSTM opened at $32.29 on Tuesday. Constellium SE has a 1 year low of $11.23 and a 1 year high of $34.94. 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 stock has a market capitalization of $4.40 billion, a PE ratio of 10.45 and a beta of 1.54. The company's 50 day simple moving average is $28.54 and its two-hundred day simple moving average is $23.14.
Constellium (NYSE:CSTM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.80. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. Analysts predict that Constellium SE will post 3.34 earnings per share for the current fiscal year.
Constellium announced that its board has authorized a stock buyback plan on Thursday, March 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.
Hedge Funds Weigh In On Constellium
Several institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its holdings in shares of Constellium by 775.9% during the 1st quarter. Janus Henderson Group PLC now owns 439,301 shares of the industrial products company's stock valued at $10,797,000 after purchasing an additional 389,147 shares during the last quarter. Amundi bought a new position in shares of Constellium during the 1st quarter valued at $218,000. California State Teachers Retirement System grew its holdings in shares of Constellium by 24.0% during the 1st quarter. California State Teachers Retirement System now owns 145,732 shares of the industrial products company's stock valued at $3,582,000 after purchasing an additional 28,191 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Constellium by 20.1% during the 1st quarter. Quantinno Capital Management LP now owns 89,441 shares of the industrial products company's stock valued at $2,198,000 after purchasing an additional 14,975 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Constellium during the 1st quarter valued at $2,141,000. Institutional investors own 92.59% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CSTM. 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Zacks Research upgraded shares of Constellium from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their price objective on shares of Constellium from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $36.60.
Check Out Our Latest Report 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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