Constellium (NYSE:CSTM) Director Sells $280,080.00 in Stock

Constellium SE (NYSE:CSTM) Director John Ormerod sold 8,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $35.01, for a total value of $280,080.00. Following the transaction, the director owned 24,873 shares in the company, valued at $870,803.73. The trade was a 24.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Constellium Stock Performance

CSTM stock traded down $0.18 during trading hours on Monday, hitting $33.71. 309,772 shares of the stock were exchanged, compared to its average volume of 2,215,538. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $4.59 billion, a P/E ratio of 10.92 and a beta of 1.55. The company has a 50-day simple moving average of $31.16 and a two-hundred day simple moving average of $24.94. Constellium SE has a 12 month low of $12.68 and a 12 month high of $36.99.

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

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

Institutional Trading of Constellium

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Constellium by 6,985.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 2,002 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Finally, Quarry LP boosted its stake in shares of Constellium by 53.7% during 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $40.00 target price on shares of Constellium in a report on Thursday, April 30th. BMO Capital Markets set a $32.00 target price on Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a report on Tuesday, May 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Finally, UBS Group started coverage on Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $36.60.

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.