Ritholtz Wealth Management Takes $909,000 Position in Constellium SE $CSTM

Ritholtz Wealth Management acquired a new stake in Constellium SE (NYSE:CSTM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,973 shares of the industrial products company’s stock, valued at approximately $909,000.

Several other large investors have also bought and sold shares of CSTM. JPMorgan Chase & Co. raised its stake in Constellium by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after purchasing an additional 236,264 shares during the period. LSV Asset Management boosted its position in shares of Constellium by 33.2% in the fourth quarter. LSV Asset Management now owns 248,800 shares of the industrial products company’s stock worth $4,690,000 after buying an additional 62,000 shares during the period. GW&K Investment Management LLC purchased a new position in shares of Constellium during the third quarter valued at $2,381,000. Algert Global LLC raised its position in Constellium by 71.8% during the third quarter. Algert Global LLC now owns 595,676 shares of the industrial products company’s stock valued at $8,864,000 after buying an additional 249,020 shares during the period. Finally, Danske Bank A S purchased a new stake in Constellium in the 4th quarter worth about $8,239,000. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at Constellium

In other Constellium news, Director Michiel Brandjes sold 10,400 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $31.25, for a total transaction of $325,000.00. Following the transaction, the director directly owned 41,600 shares of the company’s stock, valued at $1,300,000. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nicolas Brun sold 26,661 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $33.85, for a total value of $902,474.85. Following the transaction, the senior vice president owned 104,891 shares in the company, valued at approximately $3,550,560.35. This trade represents a 20.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 195,153 shares of company stock worth $6,369,312 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Constellium Trading Down 2.1%

Shares of NYSE CSTM opened at $31.11 on Tuesday. The business has a 50 day simple moving average of $33.13 and a 200 day simple moving average of $26.87. Constellium SE has a 52 week low of $13.04 and a 52 week high of $36.99. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 10.07 and a beta of 1.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. On average, research analysts predict that Constellium SE will post 3.34 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating 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 report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Constellium from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, UBS Group began coverage on shares of Constellium in a research note on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Constellium presently has an average rating of “Buy” and an average price target of $36.60.

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.