Bradley Lee Soultz Buys 2,500 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) Director Bradley Lee Soultz bought 2,500 shares of Constellium stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $33.84 per share, for a total transaction of $84,600.00. Following the purchase, the director owned 2,500 shares in the company, valued at $84,600. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Constellium Stock Performance

Constellium stock opened at $31.20 on Wednesday. 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 stock has a fifty day moving average of $28.67 and a two-hundred day moving average of $23.25. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 10.10 and a beta of 1.54. Constellium SE has a fifty-two week low of $11.23 and a fifty-two week high of $34.94.

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

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

Analysts Set New Price Targets

CSTM has been the topic of several analyst reports. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. 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 note on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. Finally, UBS Group began coverage on Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $36.60.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CSTM. Millennium Management LLC grew its holdings in Constellium by 35.4% in the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after purchasing an additional 1,813,400 shares during the period. Encompass Capital Advisors LLC raised its stake in Constellium by 9.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after purchasing an additional 393,640 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Constellium by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after purchasing an additional 755,918 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Constellium by 620.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after acquiring an additional 2,780,260 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.