Constellium (NYSE:CSTM) Director Jean-Christophe Deslarzes Acquires 1,800 Shares of Stock

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes bought 1,800 shares of the stock in a transaction dated Monday, November 2nd. The shares were bought at an average cost of $23.41 per share, with a total value of $42,138.00. Following the completion of the acquisition, the director directly owned 45,315 shares of the company’s stock, valued at approximately $1,060,824.15. The trade was a 4.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Constellium Stock Up 0.2%

Shares of Constellium stock opened at $23.02 on Wednesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 5.62 and a beta of 1.63. Constellium SE has a twelve month low of $14.62 and a twelve month high of $36.99. The company has a current ratio of 1.48, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. The business’s 50 day simple moving average is $25.40 and its 200-day simple moving average is $27.85.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.11. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. Constellium had a return on equity of 49.04% and a net margin of 5.73%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Equities research analysts forecast that Constellium SE will post 3.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CSTM. Arrowstreet Capital Limited Partnership lifted its position in Constellium by 620.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after purchasing an additional 2,780,260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Constellium by 894.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock valued at $50,545,000 after purchasing an additional 1,849,554 shares in the last quarter. Bank of America Corp DE boosted its stake in Constellium by 100.1% during the 1st quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company’s stock valued at $20,923,000 after purchasing an additional 425,871 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Constellium by 775.9% during the 1st quarter. Janus Henderson Group PLC now owns 439,301 shares of the industrial products company’s stock valued at $10,797,000 after purchasing an additional 389,147 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Constellium during the 1st quarter valued at $7,784,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CSTM shares. Barclays upped their target price on shares of Constellium from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft cut their price target on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. JPMorgan Chase & Co. upgraded Constellium from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $34.00 to $35.00 in a research report on Thursday, October 29th. HSBC set a $35.00 price objective on Constellium in a report on Thursday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.29.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium’s offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.