Precision Wealth Strategies LLC Buys Shares of 27,815 Constellium SE $CSTM

Precision Wealth Strategies LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,815 shares of the industrial products company’s stock, valued at approximately $684,000.

Several other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,467 shares during the period. Allworth Financial LP boosted its stake in Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares during the last quarter. GAMMA Investing LLC grew its holdings in Constellium by 29.7% during the fourth 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 during the period. EverSource Wealth Advisors LLC grew 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 valued at $59,000 after purchasing an additional 803 shares during the period. Finally, Quarry LP increased 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 valued at $83,000 after purchasing an additional 1,960 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

Shares of CSTM stock opened at $28.11 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The company has a market capitalization of $3.83 billion, a P/E ratio of 9.10 and a beta of 1.55. The company’s 50 day moving average price is $32.56 and its two-hundred day moving average price is $27.88. Constellium SE has a 52 week low of $13.04 and a 52 week high of $36.99.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, analysts expect that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CSTM. Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Zacks Research cut shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 price objective on shares of Constellium in a research note on Thursday, April 30th. Finally, Wells Fargo & Company reduced their target price on Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.60.

Insider Buying and Selling at Constellium

In related news, Director John Ormerod sold 8,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $35.01, for a total value of $280,080.00. Following the completion of the transaction, the director directly owned 24,873 shares of the company’s stock, valued at approximately $870,803.73. This represents a 24.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley Lee Soultz bought 2,500 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $33.84 per share, with a total value of $84,600.00. Following the acquisition, the director owned 2,500 shares in the company, valued at approximately $84,600. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 195,153 shares of company stock valued at $6,369,312 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

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.