Michiel Brandjes Sells 10,400 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) Director Michiel Brandjes sold 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $31.25, for a total value of $325,000.00. Following the sale, the director directly owned 41,600 shares in the company, valued at $1,300,000. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Constellium Trading Up 3.0%

Shares of NYSE CSTM opened at $33.86 on Friday. The business’s 50 day moving average is $27.50 and its two-hundred day moving average is $22.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. Constellium SE has a 1-year low of $11.15 and a 1-year high of $33.89. The stock has a market capitalization of $4.61 billion, a P/E ratio of 10.96 and a beta of 1.54.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.80. The company 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 firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts expect that Constellium SE will post 3.34 EPS for the current year.

Constellium announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Trending Headlines about Constellium

Here are the key news stories impacting Constellium this week:

• Positive Sentiment: UBS initiated coverage of Constellium SE with a Buy rating and a $38 target, citing potential upside if used-beverage-can spreads stabilize. UBS initiates coverage of Constellium SE with Buy recommendation
• Positive Sentiment: Zacks upgraded Constellium to a Strong Buy and highlighted it as a momentum/value name, which may support additional investor demand. Zacks upgrade to Strong Buy
• Neutral Sentiment: Additional commentary continues to frame CSTM as a momentum and value stock, reinforcing positive sentiment but not adding a major new catalyst. Constellium relative performance commentary
• Neutral Sentiment: Analyst and screen-based “all-time high but still undervalued” coverage may help maintain interest, though it is more narrative than a direct catalyst. Insider Monkey article on Constellium
• Negative Sentiment: CFO Jack Q. Guo sold 25,201 shares at $32.62, reducing his stake by about 12%, which can weigh on sentiment. SEC filing for CFO sale
• Negative Sentiment: Director Michiel Brandjes sold 10,400 shares at $31.25, a 20% reduction in ownership that could be read as a cautionary signal. SEC filing for director sale

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CSTM. Farther Finance Advisors LLC grew its stake 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 worth $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 acquiring an additional 2,002 shares in the last quarter. Allworth Financial LP grew 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 acquiring an additional 714 shares in the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 707 shares in the last quarter. Finally, Quarry LP grew 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 acquiring an additional 1,960 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSTM shares. BMO Capital Markets set a $32.00 price target on Constellium and gave the stock an “outperform” rating in a report on Thursday, April 9th. UBS Group started coverage on Constellium in a report on Tuesday. They issued a “buy” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $40.00 price target on shares of Constellium in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Constellium currently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

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.