Constellium SE $CSTM Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its stake in Constellium SE (NYSE:CSTM) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 939,231 shares of the industrial products company’s stock after acquiring an additional 25,187 shares during the quarter. Bridgeway Capital Management LLC owned 0.68% of Constellium worth $17,705,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC increased its position in shares of Constellium by 35.4% in the 3rd quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock valued at $103,204,000 after purchasing an additional 1,813,400 shares during the last quarter. Morgan Stanley increased its position in shares of Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock valued at $70,275,000 after purchasing an additional 1,216,516 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of Constellium in the 2nd quarter valued at approximately $14,054,000. Vanguard Group Inc. increased its position in shares of Constellium by 39.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,299,064 shares of the industrial products company’s stock valued at $49,090,000 after purchasing an additional 938,155 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Constellium in the 2nd quarter valued at approximately $9,498,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

NYSE:CSTM opened at $33.71 on Thursday. The firm has a 50 day simple moving average of $32.53 and a 200-day simple moving average of $25.99. 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 firm has a market cap of $4.59 billion, a PE ratio of 10.91 and a beta of 1.55. Constellium SE has a 1-year low of $12.68 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last posted its quarterly earnings data 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 business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. The company’s revenue was up 24.4% on a year-over-year basis. On average, equities analysts expect that Constellium SE will post 3.34 EPS for the current year.

Constellium announced that its board has initiated a share repurchase program on Thursday, March 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $40.00 target price on shares of Constellium in a research report on Thursday, April 30th. Weiss Ratings raised shares of Constellium from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Finally, UBS Group started coverage on shares of Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $36.60.

Insider Transactions at Constellium

In related news, SVP Ludovic Piquier sold 1,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.57, for a total value of $33,570.00. Following the completion of the transaction, the senior vice president owned 241,713 shares in the company, valued at $8,114,305.41. This represents a 0.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Martin Jarrett sold 4,716 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $33.46, for a total transaction 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 $514,447.50. This represents a 23.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 195,153 shares of company stock valued at $6,369,312 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

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.