Constellium SE $CSTM Shares Sold by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC lowered its position in shares of Constellium SE (NYSE:CSTM) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 681,464 shares of the industrial products company’s stock after selling 152,312 shares during the quarter. Constellium makes up about 7.2% of Mountaineer Partners Management LLC’s holdings, making the stock its 6th largest holding. Mountaineer Partners Management LLC’s holdings in Constellium were worth $12,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of Constellium by 35.4% during 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 acquiring an additional 1,813,400 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Constellium by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock valued at $76,436,000 after acquiring an additional 755,918 shares during the last quarter. Morgan Stanley raised its holdings in shares of Constellium by 48.4% during the fourth quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after acquiring an additional 1,216,516 shares during the last quarter. State Street Corp raised its holdings in shares of Constellium by 3.6% during the fourth quarter. State Street Corp now owns 2,660,518 shares of the industrial products company’s stock valued at $50,151,000 after acquiring an additional 92,955 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Constellium by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after acquiring an additional 236,264 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CSTM shares. BMO Capital Markets set a $32.00 target price on Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Wells Fargo & Company increased their target price on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group initiated coverage on Constellium in a research report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price target for the company. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $36.60.

Insiders Place Their Bets

In other news, SVP Martin Jarrett sold 4,716 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $33.46, for a total value of $157,797.36. Following the completion of the sale, the senior vice president directly owned 15,375 shares in the company, valued at $514,447.50. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marcus Becker sold 10,391 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $34.93, for a total value of $362,957.63. Following the completion of the transaction, the senior vice president owned 16,784 shares of the company’s stock, valued at $586,265.12. The trade was a 38.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 195,153 shares of company stock valued at $6,369,312. Insiders own 1.20% of the company’s stock.

Constellium Price Performance

CSTM stock opened at $35.64 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The business has a 50 day simple moving average of $32.14 and a 200-day simple moving average of $25.61. The firm has a market capitalization of $4.85 billion, a PE ratio of 11.53 and a beta of 1.55. Constellium SE has a 1 year low of $12.68 and a 1 year high of $36.99.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. Equities 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 repurchase program on Thursday, March 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Constellium 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.