Precision Wealth Strategies LLC Buys Shares of 27,815 Constellium SE $CSTM

Precision Wealth Strategies LLC purchased a new position in shares of Constellium SE (NYSE:CSTM) in the first quarter, HoldingsChannel reports. The fund purchased 27,815 shares of the industrial products company’s stock, valued at approximately $684,000.

Several other hedge funds also recently made changes to their positions in the business. Crescent Grove Advisors LLC bought a new stake in shares of Constellium in the first quarter worth $356,000. Jennison Associates LLC acquired a new position in Constellium during the first quarter worth $719,000. Allspring Global Investments Holdings LLC grew its position in Constellium by 11.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 58,555 shares of the industrial products company’s stock valued at $1,439,000 after purchasing an additional 6,073 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Constellium in the 1st quarter valued at $2,282,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Constellium in the 1st quarter valued at $7,784,000. 92.59% of the stock is owned by institutional investors.

Constellium Stock Performance

NYSE CSTM opened at $28.11 on Friday. 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’s fifty day moving average price is $32.56 and its two-hundred day moving average price is $27.88. Constellium SE has a 1 year low of $13.04 and a 1 year high of $36.99. The firm has a market capitalization of $3.83 billion, a P/E ratio of 9.10 and a beta of 1.55.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, research analysts anticipate that Constellium SE will post 3.34 EPS for the current year.

Insider Buying and Selling

In related news, SVP Ludovic Piquier sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.57, for a total value of $33,570.00. Following the completion of the sale, the senior vice president directly owned 241,713 shares in the company, valued at approximately $8,114,305.41. This trade represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marcus Becker sold 10,391 shares of Constellium stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $34.93, for a total value of $362,957.63. Following 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 195,153 shares of company stock worth $6,369,312 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on CSTM. UBS Group cut their price target on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated 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 price target on Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings downgraded Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Constellium has an average rating of “Moderate Buy” and an average target price of $35.60.

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.