Cvfg LLC Buys Shares of 273,220 Constellium SE $CSTM

Cvfg LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 273,220 shares of the industrial products company’s stock, valued at approximately $6,716,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,467 shares during the period. Allworth Financial LP grew its holdings in 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 during the period. GAMMA Investing LLC increased its stake in Constellium by 29.7% in 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. EverSource Wealth Advisors LLC increased its stake in Constellium by 34.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 803 shares in the last quarter. Finally, Quarry LP raised its holdings in Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,960 shares during the period. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSTM. Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. UBS Group started coverage on Constellium in a research note on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective on the stock. Wells Fargo & Company lifted their target price on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 price target on Constellium and gave the stock an “outperform” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

Constellium Stock Down 1.3%

CSTM stock opened at $29.81 on Wednesday. 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 stock has a market capitalization of $4.06 billion, a P/E ratio of 9.65 and a beta of 1.55. Constellium SE has a fifty-two week low of $13.04 and a fifty-two week high of $36.99. The business has a 50-day moving average of $33.10 and a 200-day moving average of $27.37.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, sell-side 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 buyback plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Constellium news, Director Bradley Lee Soultz acquired 2,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $33.84 per share, with a total value of $84,600.00. Following the completion of the transaction, the director directly owned 2,500 shares in the company, valued at $84,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marcus Becker sold 10,391 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $34.93, for a total transaction of $362,957.63. Following the completion of the sale, the senior vice president directly owned 16,784 shares in the company, valued at approximately $586,265.12. This represents a 38.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 195,153 shares of company stock valued at $6,369,312 over the last ninety days. Insiders own 1.20% of the company’s stock.

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.