Key Points
- Constellium SVP Marcus Becker sold 10,391 shares on May 28 at an average price of $34.93, for proceeds of about $362,958. After the sale, he still owned 16,784 shares, a 38.24% drop in his stake.
- The company recently reported strong quarterly results, with EPS of $1.42 versus analyst expectations of $0.62 and revenue of $2.46 billion, up 24.4% year over year.
- Constellium’s board has approved a $300 million share buyback program, while Wall Street remains broadly positive with a consensus rating of Buy and an average price target of $36.60.
Constellium SE (NYSE:CSTM - Get Free Report) SVP Marcus Becker sold 10,391 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $34.93, for a total transaction of $362,957.63. Following the completion of the transaction, the senior vice president directly owned 16,784 shares of the company's stock, valued at $586,265.12. This represents a 38.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Marcus Becker also recently made the following trade(s):
- On Tuesday, March 10th, Marcus Becker sold 1,113 shares of Constellium stock. The shares were sold at an average price of $25.87, for a total transaction of $28,793.31.
Constellium Price Performance
NYSE:CSTM opened at $34.65 on Tuesday. Constellium SE has a 1-year low of $12.11 and a 1-year high of $35.29. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The firm has a fifty day simple moving average of $30.25 and a 200 day simple moving average of $24.38. The stock has a market capitalization of $4.72 billion, a PE ratio of 11.21 and a beta of 1.55.
Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the business posted $0.26 earnings per share. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. On average, research analysts expect that Constellium SE will post 3.34 EPS for the current fiscal year.
Constellium declared that its board has approved a share buyback program on Thursday, March 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CSTM shares. UBS Group started coverage on shares of Constellium in a research report on Tuesday, May 5th. They set a "buy" rating and a $38.00 price objective for the company. JPMorgan Chase & Co. reaffirmed 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 raised shares of Constellium from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Constellium in a research report on Tuesday, May 26th. Finally, BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an "outperform" rating in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Constellium presently has an average rating of "Buy" and a consensus price target of $36.60.
View Our Latest Stock Report on CSTM
Institutional Investors Weigh In On Constellium
A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in Constellium by 5.3% in the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company's stock valued at $732,000 after purchasing an additional 3,629 shares in the last quarter. AQR Capital Management LLC raised its stake in Constellium by 354.0% in the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company's stock valued at $924,000 after purchasing an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company's stock valued at $777,000 after purchasing an additional 3,393 shares in the last quarter. Prudential Financial Inc. acquired a new position in Constellium in the second quarter valued at about $218,000. Finally, Norges Bank acquired a new position in Constellium in the second quarter valued at about $1,499,000. Institutional investors own 92.59% of the company's stock.
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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