18,114 Shares in Constellium SE $CSTM Acquired by Andina Capital Management LLC

Andina Capital Management LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,114 shares of the industrial products company’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ethic Inc. raised its position in Constellium by 1.6% in the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 456 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Constellium by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 512 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 707 shares during the period. Allworth Financial LP raised its holdings in Constellium by 52.5% in 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. Finally, EverSource Wealth Advisors LLC raised its holdings in Constellium by 34.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 803 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at Constellium

In related news, SVP Martin Jarrett sold 4,716 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $33.46, for a total transaction of $157,797.36. Following the transaction, the senior vice president owned 15,375 shares in the company, valued at $514,447.50. This trade represents a 23.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bradley Lee Soultz purchased 2,500 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $33.84 per share, for a total transaction of $84,600.00. Following the transaction, the director owned 2,500 shares of the company’s stock, valued at $84,600. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 195,153 shares of company stock valued at $6,369,312. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CSTM. Wells Fargo & Company boosted their price target on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research upgraded 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 set a $34.00 price objective (up from $30.00) on shares of Constellium in a research report 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, UBS Group initiated coverage on Constellium in a report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 target price on the stock. Two equities research 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 company. According to data from MarketBeat, Constellium presently has a consensus rating of “Buy” and an average price target of $36.60.

Constellium Stock Down 3.3%

Shares of NYSE:CSTM opened at $33.45 on Wednesday. The company has a market capitalization of $4.55 billion, a PE ratio of 10.83 and a beta of 1.55. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. Constellium SE has a twelve month low of $12.97 and a twelve month high of $36.99. The firm has a 50 day simple moving average of $32.95 and a 200-day simple moving average of $26.46.

Constellium (NYSE:CSTM) last announced 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. 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 analysts’ expectations of $2.43 billion. During the same period in the previous year, the company earned $0.26 earnings per share. Constellium’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities analysts predict that Constellium SE will post 3.34 EPS for the current fiscal year.

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

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.