Jean-Christophe Deslarzes Buys 1,665 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes bought 1,665 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $24.77 per share, with a total value of $41,242.05. Following the completion of the acquisition, the director directly owned 40,700 shares in the company, valued at $1,008,139. This trade represents a 4.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Constellium Trading Down 0.5%

NYSE:CSTM traded down $0.14 on Tuesday, reaching $25.18. 1,871,615 shares of the company’s stock were exchanged, compared to its average volume of 2,110,553. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.05 and a beta of 1.48. The business has a fifty day moving average of $23.85 and a 200-day moving average of $18.93. Constellium SE has a 52-week low of $7.32 and a 52-week high of $27.41.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.36 by $0.44. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.34) earnings per share. As a group, analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Constellium announced that its board has authorized a share buyback program on Thursday, March 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSTM. Farther Finance Advisors LLC raised its stake in Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares in the last quarter. Allworth Financial LP boosted its stake in Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 714 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Constellium during the second quarter worth about $56,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CSTM shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Wells Fargo & Company increased their target price on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, BMO Capital Markets lifted their price target on Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Constellium presently has a consensus rating of “Buy” and an average price target of $29.00.

About Constellium

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.