KBC Group NV Buys 193,552 Shares of Constellium SE $CSTM

KBC Group NV raised its position in shares of Constellium SE (NYSE:CSTM) by 4,567.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,790 shares of the industrial products company’s stock after purchasing an additional 193,552 shares during the period. KBC Group NV’s holdings in Constellium were worth $4,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,467 shares during the last quarter. Allworth Financial LP lifted its position in Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after buying an additional 714 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $58,000 after buying an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 worth $59,000 after buying an additional 803 shares in the last quarter. Finally, Quarry LP grew its position in Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 1,960 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 2.1%

NYSE CSTM opened at $29.95 on Friday. Constellium SE has a 1 year low of $13.04 and a 1 year high of $36.99. The stock has a market capitalization of $4.08 billion, a PE ratio of 9.69 and a beta of 1.55. 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’s 50-day moving average is $32.16 and its 200 day moving average is $28.22.

Constellium (NYSE:CSTM) last posted its earnings results 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 firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.26 earnings per share. Sell-side analysts forecast that Constellium SE will post 3.41 earnings per share for the current year.

Insider Activity at Constellium

In related news, insider Philippe Hoffmann sold 50,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $31.92, for a total transaction of $1,596,000.00. Following the transaction, the insider owned 144,153 shares in the company, valued at $4,601,363.76. The trade was a 25.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Philip Ryan Jurkovic sold 48,784 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $32.01, for a total transaction of $1,561,575.84. Following the completion of the transaction, the senior vice president directly owned 172,149 shares of the company’s stock, valued at approximately $5,510,489.49. The trade was a 22.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 195,153 shares of company stock valued at $6,369,312 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CSTM shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. UBS Group dropped their target price on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Wells Fargo & Company decreased their price target on Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings cut shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.60.

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.