Constellium SE (NYSE:CSTM – Get Free Report) SVP Martin Jarrett sold 4,716 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $33.46, for a total value of $157,797.36. Following the completion of the transaction, the senior vice president owned 15,375 shares of the company’s stock, valued at approximately $514,447.50. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Constellium Stock Up 1.4%
CSTM stock traded up $0.46 during mid-day trading on Monday, reaching $32.37. The company had a trading volume of 869,709 shares, compared to its average volume of 2,176,850. 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 50 day simple moving average of $28.42 and a two-hundred day simple moving average of $23.04. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 10.49 and a beta of 1.54. Constellium SE has a 52 week low of $11.23 and a 52 week high of $34.94.
Constellium (NYSE:CSTM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.26 earnings per share. As a group, equities analysts predict that Constellium SE will post 3.34 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
CSTM has been the subject of a number of analyst reports. UBS Group initiated coverage on Constellium in a research note on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price target for the company. Wells Fargo & Company lifted their target price on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 target price on Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $36.60.
Get Our Latest Research Report on CSTM
Institutional Trading of Constellium
Several hedge funds have recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC lifted its holdings in 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 worth $28,000 after purchasing an additional 1,467 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares during the last quarter. Allworth Financial LP lifted its holdings in Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 707 shares during the last quarter. Finally, Quarry LP lifted its holdings in 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 purchasing an additional 1,960 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.
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.
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