Constellium (NYSE:CSTM) Director Acquires $42,138.00 in Stock

Constellium SE (NYSE:CSTM) Director Jean-Christophe Deslarzes acquired 1,800 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of $23.41 per share, for a total transaction of $42,138.00. Following the completion of the acquisition, the director directly owned 45,315 shares in the company, valued at approximately $1,060,824.15. The trade was a 4.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Constellium Stock Down 7.8%

NYSE:CSTM opened at $20.93 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.48 and a quick ratio of 0.57. The company’s fifty day moving average price is $25.18 and its 200-day moving average price is $27.84. Constellium SE has a 1-year low of $14.62 and a 1-year high of $36.99. The firm has a market capitalization of $2.82 billion, a P/E ratio of 5.11 and a beta of 1.63.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.11. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Constellium had a return on equity of 49.04% and a net margin of 5.73%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, equities research analysts anticipate that Constellium SE will post 3.78 EPS for the current year.

Institutional Investors Weigh In On Constellium

Several hedge funds have recently modified their holdings of CSTM. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Constellium by 620.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock valued at $79,345,000 after buying an additional 2,780,260 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Constellium by 894.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company’s stock worth $50,545,000 after buying an additional 1,849,554 shares during the period. Bank of America Corp DE grew its position in shares of Constellium by 100.1% in the 1st quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company’s stock worth $20,923,000 after buying an additional 425,871 shares during the period. Penn Capital Management Company LLC increased its stake in shares of Constellium by 4.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 782,628 shares of the industrial products company’s stock worth $18,966,000 after acquiring an additional 32,983 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Constellium by 775.9% in the 1st quarter. Janus Henderson Group PLC now owns 439,301 shares of the industrial products company’s stock worth $10,797,000 after acquiring an additional 389,147 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSTM. HSBC set a $35.00 price objective on shares of Constellium in a report on Thursday, October 29th. UBS Group lowered their target price on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. JPMorgan Chase & Co. upgraded shares of Constellium from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $34.00 to $35.00 in a research report on Thursday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. Finally, Barclays boosted their price target on shares of Constellium from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.29.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium’s offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.