Insider Buying: Constellium (NYSE:CSTM) Director Buys 1,800 Shares of Stock

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes purchased 1,800 shares of Constellium stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $23.41 per share, for a total transaction of $42,138.00. Following the transaction, the director owned 45,315 shares in the company, valued at $1,060,824.15. This represents a 4.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Constellium Price Performance

NYSE:CSTM traded up $0.25 during mid-day trading on Tuesday, reaching $23.23. 272,777 shares of the company were exchanged, compared to its average volume of 1,942,168. Constellium SE has a 12 month low of $14.62 and a 12 month high of $36.99. The company has a fifty day moving average of $25.47 and a 200 day moving average of $27.85. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The stock has a market cap of $3.15 billion, a PE ratio of 5.67 and a beta of 1.57.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.11. Constellium had a net margin of 5.73% and a return on equity of 51.47%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted $0.62 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that Constellium SE will post 3.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CSTM. HSBC set a $35.00 price objective on shares of Constellium in a research report on Thursday, October 29th. UBS Group decreased their price objective on Constellium from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. JPMorgan Chase & Co. raised Constellium from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $34.00 to $35.00 in a research note on Thursday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. Finally, Barclays boosted their target price on Constellium from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.29.

Institutional Investors Weigh In On Constellium

Institutional investors and hedge funds have recently modified their holdings of the business. CenterBook Partners LP boosted its position in shares of Constellium by 94.9% during the third quarter. CenterBook Partners LP now owns 42,404 shares of the industrial products company’s stock worth $1,026,000 after purchasing an additional 20,648 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Constellium by 27.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,900 shares of the industrial products company’s stock valued at $385,000 after buying an additional 3,400 shares in the last quarter. Vise Technologies Inc. raised its stake in Constellium by 55.1% during the 3rd quarter. Vise Technologies Inc. now owns 23,387 shares of the industrial products company’s stock worth $566,000 after buying an additional 8,306 shares during the period. Summit Global Investments raised its stake in Constellium by 2.9% during the 3rd quarter. Summit Global Investments now owns 35,301 shares of the industrial products company’s stock worth $854,000 after buying an additional 986 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Constellium by 51.6% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 71,700 shares of the industrial products company’s stock worth $1,734,000 after acquiring an additional 24,400 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Company Profile

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.