Key Points
- Director Jean-Christophe Deslarzes bought 1,800 shares at an average of $23.41, spending $42,138 and increasing his holdings by 4.14% to 45,315 shares.
- Constellium beat quarterly expectations, reporting EPS of $0.84 versus $0.73 expected and revenue of $2.64 billion, up 21.8% year over year.
- Analysts have a Moderate Buy consensus and an average price target of $33.29; five rate the stock Buy and three Hold.
Constellium SE (NYSE:CSTM - Get Free Report) Director Jean-Christophe Deslarzes purchased 1,800 shares of the company's stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of $23.41 per share, for a total transaction of $42,138.00. Following the completion of the transaction, the director owned 45,315 shares of the company's stock, valued at $1,060,824.15. This represents a 4.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Constellium Price Performance
Shares of NYSE CSTM opened at $23.02 on Wednesday. Constellium SE has a twelve month low of $14.62 and a twelve month high of $36.99. The company has a current ratio of 1.48, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average of $25.40 and a two-hundred day moving average of $27.85. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 5.62 and a beta of 1.63.
Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.11. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. Constellium had a net margin of 5.73% and a return on equity of 49.04%. The business's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, analysts expect that Constellium SE will post 3.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CSTM. UBS Group reduced their target price on shares of Constellium from $34.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, October 8th. JPMorgan Chase & Co. raised Constellium from a "neutral" rating to an "overweight" rating and upped their price target for the company from $34.00 to $35.00 in a report on Thursday, October 29th. HSBC set a $35.00 price objective on Constellium in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellium from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. Finally, Wall Street Zen cut Constellium from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 17th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.29.
Read Our Latest Analysis on Constellium
Institutional Trading of Constellium
Large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Constellium by 620.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company's stock worth $79,345,000 after buying an additional 2,780,260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Constellium by 894.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company's stock valued at $50,545,000 after buying an additional 1,849,554 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Constellium by 100.1% during the first quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company's stock valued at $20,923,000 after buying an additional 425,871 shares in the last quarter. Janus Henderson Group PLC raised its position in Constellium by 775.9% during the first quarter. Janus Henderson Group PLC now owns 439,301 shares of the industrial products company's stock valued at $10,797,000 after buying an additional 389,147 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in Constellium during the first quarter valued at $7,784,000. 92.59% of the stock is owned by institutional investors and hedge funds.
Constellium Company Profile
(
Get Free Report)
Constellium SE (NYSE: CSTM) is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.
Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium's offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.
Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.
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