Constellium SE (NYSE:CSTM) Receives Consensus Rating of “Buy” from Analysts

Shares of Constellium SE (NYSE:CSTM) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.00.

A number of brokerages have recently commented on CSTM. Wells Fargo & Company raised their target price on shares of Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. BMO Capital Markets increased their price target on Constellium from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th.

Insider Buying and Selling at Constellium

In related news, CFO Jack Q. Guo sold 41,717 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total transaction of $1,079,218.79. Following the transaction, the chief financial officer directly owned 190,879 shares of the company’s stock, valued at approximately $4,938,039.73. The trade was a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Marcus Becker sold 1,113 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $25.87, for a total value of $28,793.31. Following the completion of the transaction, the senior vice president owned 33,237 shares of the company’s stock, valued at approximately $859,841.19. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 214,543 shares of company stock worth $5,565,129. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 578.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 2,002 shares in the last quarter. Allworth Financial LP grew its stake in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 714 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Constellium by 29.7% during the fourth 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 during the last quarter. Finally, Quarry LP increased its position in shares of Constellium by 53.7% during the third 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 during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Down 2.3%

CSTM opened at $23.41 on Friday. The firm has a 50 day moving average price of $24.34 and a 200 day moving average price of $19.52. The company has a market cap of $3.16 billion, a PE ratio of 12.13 and a beta of 1.48. Constellium has a 1 year low of $7.32 and a 1 year high of $27.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.51 and a current ratio of 1.29.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company posted ($0.34) earnings per share. Constellium’s revenue was up 27.9% compared to the same quarter last year. Sell-side analysts expect that Constellium will post 1.1 earnings per share for the current year.

Constellium announced that its board has initiated a share repurchase plan on Thursday, March 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.