Insider Buying: Constellium (NYSE:CSTM) Director Buys $40,587.60 in Stock

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes bought 1,490 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the acquisition, the director directly owned 43,515 shares in the company, valued at $1,185,348.60. This trade represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Constellium Trading Up 0.1%

Constellium stock opened at $29.72 on Thursday. Constellium SE has a 12 month low of $13.06 and a 12 month high of $36.99. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The stock has a market cap of $4.03 billion, a P/E ratio of 7.66 and a beta of 1.57. The company’s fifty day simple moving average is $31.44 and its 200-day simple moving average is $28.71.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the company earned $0.25 earnings per share. Constellium’s quarterly revenue was up 30.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Constellium SE will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSTM. Wells Fargo & Company upped their target price on Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. BMO Capital Markets set a $32.00 price target on Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Constellium in a report on Thursday, July 30th. 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Constellium presently has an average rating of “Moderate Buy” and an average price target of $35.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Constellium by 6,985.7% in the fourth 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 boosted 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 worth $39,000 after buying an additional 714 shares during the last quarter. USA Financial Formulas grew its position in shares of Constellium by 94.9% during the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,097 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Constellium by 34.2% during the 4th 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 during the period. Finally, Quarry LP grew its position in shares of Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after buying an additional 1,960 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Constellium

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.