Constellium (NYSE:CSTM) Stock: Insider Jean-Christophe Deslarzes Buys 1,800 Shares

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes purchased 1,800 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $23.41 per share, for a total transaction of $42,138.00. Following the completion of the acquisition, the director directly owned 45,315 shares of the company’s stock, valued at $1,060,824.15. This represents a 4.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Constellium Stock Down 1.5%

CSTM stock opened at $22.69 on Thursday. The firm has a market cap of $3.05 billion, a PE ratio of 5.53 and a beta of 1.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.57 and a current ratio of 1.48. The firm’s fifty day moving average is $25.31 and its 200 day moving average is $27.85. Constellium SE has a one year low of $14.62 and a one year high of $36.99.

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

Analysts Set New Price Targets

CSTM has been the subject of a number of analyst reports. Barclays upped their price target on Constellium from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. UBS Group dropped their price objective on Constellium from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Wells Fargo & Company cut their price objective on Constellium from $38.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.29.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Constellium during the second quarter worth $3,116,000. Lazard Asset Management LLC purchased a new position in shares of Constellium in the first quarter worth about $2,141,000. Globeflex Capital L P purchased a new position in shares of Constellium in the second quarter worth about $1,022,000. TD Waterhouse Canada Inc. purchased a new position in shares of Constellium in the second quarter worth about $5,582,000. Finally, Bank of America Corp DE boosted its position in Constellium by 100.1% during the first quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company’s stock worth $20,923,000 after acquiring an additional 425,871 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.