Constellium (NYSE:CSTM) Director Jean-Christophe Deslarzes Purchases 1,665 Shares

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes acquired 1,665 shares of Constellium stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $24.77 per share, with a total value of $41,242.05. Following the purchase, the director owned 40,700 shares of the company’s stock, valued at $1,008,139. The trade was a 4.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Constellium Stock Performance

Shares of CSTM stock traded down $0.14 during trading hours on Tuesday, hitting $25.18. The stock had a trading volume of 1,871,615 shares, compared to its average volume of 2,110,553. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51. The firm has a market capitalization of $3.40 billion, a PE ratio of 13.05 and a beta of 1.48. The stock’s 50 day moving average is $23.85 and its 200 day moving average is $18.93. Constellium SE has a twelve month low of $7.32 and a twelve month high of $27.41.

Constellium (NYSE:CSTM) last released its quarterly earnings results 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 32.14%. Constellium’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.34) EPS. As a group, research analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Constellium announced that its Board of Directors has approved a share repurchase plan on Thursday, March 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CSTM shares. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft upped their price target on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. BMO Capital Markets lifted their price objective on shares of Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Constellium presently has an average rating of “Buy” and a consensus price target of $29.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ethic Inc. lifted its position in shares of Constellium by 1.6% during the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 456 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Constellium by 0.4% in the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 512 shares during the period. GAMMA Investing LLC increased its stake in Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares in the last quarter. Allworth Financial LP raised its holdings in Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 803 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.