Constellium SE (NYSE:CSTM - Get Free Report) Director John Ormerod sold 8,000 shares of the company's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $35.01, for a total value of $280,080.00. Following the completion of the transaction, the director owned 24,873 shares of the company's stock, valued at $870,803.73. The trade was a 24.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Constellium Stock Performance
Shares of NYSE CSTM opened at $34.20 on Tuesday. The business has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $25.08. 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 market capitalization of $4.66 billion, a price-to-earnings ratio of 11.07 and a beta of 1.55. Constellium SE has a one year low of $12.68 and a one year high of $36.99.
Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS 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 return on equity of 46.22% and a net margin of 4.87%.Constellium's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Sell-side analysts expect that Constellium SE will post 3.34 EPS for the current year.
Constellium declared that its Board of Directors has approved 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 purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
CSTM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Wells Fargo & Company increased their price objective on Constellium from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the stock an "outperform" rating in a research note on Thursday, April 9th. Finally, Zacks Research upgraded Constellium from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $36.60.
Read Our Latest Research Report on CSTM
Institutional Trading of Constellium
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Constellium by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company's stock valued at $35,825,000 after buying an additional 236,264 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Constellium in the third quarter valued at $2,381,000. Algert Global LLC increased its stake in shares of Constellium by 71.8% in the third quarter. Algert Global LLC now owns 595,676 shares of the industrial products company's stock valued at $8,864,000 after buying an additional 249,020 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Constellium in the fourth quarter valued at $8,239,000. Finally, Cannell & Spears LLC increased its position in Constellium by 5.2% in the third quarter. Cannell & Spears LLC now owns 1,557,835 shares of the industrial products company's stock worth $23,181,000 after purchasing an additional 77,703 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.
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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