LSV Asset Management Increases Position in Constellium SE $CSTM

LSV Asset Management increased its stake in Constellium SE (NYSE:CSTM) by 33.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,800 shares of the industrial products company’s stock after acquiring an additional 62,000 shares during the period. LSV Asset Management’s holdings in Constellium were worth $4,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC lifted its stake in Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Constellium by 578.6% in 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. Allworth Financial LP lifted 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 worth $39,000 after purchasing an additional 714 shares during the last quarter. GAMMA Investing LLC lifted its stake in Constellium by 29.7% in 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 during the last quarter. Finally, Quarry LP lifted its stake in Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. BMO Capital Markets set a $32.00 price target on shares of Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $40.00 price target on shares of Constellium in a research note on Thursday, April 30th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, UBS Group assumed coverage on shares of Constellium in a research note on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price target for the company. Two equities 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 company. According to MarketBeat, Constellium currently has an average rating of “Buy” and a consensus price target of $36.60.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $35.24 on Wednesday. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 11.40 and a beta of 1.54. The company has a 50-day moving average price of $29.49 and a 200-day moving average price of $23.86. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. Constellium SE has a 12 month low of $11.73 and a 12 month high of $35.29.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, equities analysts anticipate that Constellium SE will post 3.34 EPS for the current year.

Constellium declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Michiel Brandjes sold 10,400 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $31.25, for a total transaction of $325,000.00. Following the completion of the transaction, the director directly owned 41,600 shares of the company’s stock, valued at approximately $1,300,000. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jack Q. Guo sold 41,717 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total transaction of $1,079,218.79. Following the transaction, the chief financial officer directly owned 190,879 shares of the company’s stock, valued at approximately $4,938,039.73. This trade represents a 17.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 5,490 shares of company stock valued at $167,089 and sold 371,035 shares valued at $10,772,766. 1.20% of the stock is currently owned by insiders.

Constellium Company Profile

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.