Constellium (NYSE:CSTM) Director Bradley Lee Soultz Purchases 2,500 Shares of Stock

Constellium SE (NYSE:CSTM) Director Bradley Lee Soultz bought 2,500 shares of Constellium stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $33.84 per share, with a total value of $84,600.00. Following the completion of the transaction, the director directly owned 2,500 shares in the company, valued at approximately $84,600. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Constellium Stock Up 1.2%

Constellium stock opened at $32.29 on Tuesday. Constellium SE has a twelve month low of $11.23 and a twelve month high of $34.94. The firm has a 50 day moving average price of $28.54 and a 200-day moving average price of $23.14. The company has a market capitalization of $4.40 billion, a P/E ratio of 10.45 and a beta of 1.54. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last released its 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. 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 the consensus estimate of $2.43 billion. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue was up 24.4% compared to the same quarter last year. As a group, equities analysts predict that Constellium SE will post 3.34 EPS for the current year.

Constellium declared that its board has authorized a share buyback plan on Thursday, March 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Constellium

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in 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 purchasing an additional 389,147 shares in the last quarter. Amundi purchased a new stake in Constellium in the 1st quarter worth approximately $218,000. California State Teachers Retirement System lifted its stake in Constellium by 24.0% in the 1st quarter. California State Teachers Retirement System now owns 145,732 shares of the industrial products company’s stock worth $3,582,000 after purchasing an additional 28,191 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Constellium by 20.1% in the 1st quarter. Quantinno Capital Management LP now owns 89,441 shares of the industrial products company’s stock worth $2,198,000 after purchasing an additional 14,975 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Constellium in the 1st quarter worth approximately $2,141,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSTM shares. UBS Group started coverage on shares of Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective for the company. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $36.60.

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.