Constellium SE $CSTM Shares Purchased by Beaconlight Capital LLC

Beaconlight Capital LLC grew its holdings in shares of Constellium SE (NYSE:CSTM) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,339,934 shares of the industrial products company’s stock after acquiring an additional 66,429 shares during the quarter. Constellium accounts for 14.8% of Beaconlight Capital LLC’s holdings, making the stock its biggest position. Beaconlight Capital LLC’s holdings in Constellium were worth $25,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 2,002 shares during the period. Allworth Financial LP grew its holdings 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 period. GAMMA Investing LLC grew its holdings in Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 707 shares during the period. Finally, Quarry LP grew its holdings in Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Price Performance

Shares of NYSE CSTM opened at $33.71 on Thursday. Constellium SE has a fifty-two week low of $12.68 and a fifty-two week high of $36.99. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 10.91 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. The firm’s 50-day simple moving average is $32.53 and its 200 day simple moving average is $25.99.

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 the consensus estimate of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, research analysts anticipate that Constellium SE will post 3.34 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

CSTM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. UBS Group initiated coverage on shares of Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $36.60.

Insiders Place Their Bets

In related news, Director Michiel Brandjes sold 10,400 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $31.25, for a total value of $325,000.00. Following the transaction, the director owned 41,600 shares of the company’s stock, valued at approximately $1,300,000. This trade represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philippe Hoffmann sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $31.92, for a total transaction of $1,596,000.00. Following the completion of the transaction, the insider directly owned 144,153 shares in the company, valued at approximately $4,601,363.76. The trade was a 25.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 195,153 shares of company stock worth $6,369,312 in the last 90 days. Company insiders own 1.20% of the company’s stock.

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.