DGS Capital Management LLC Makes New Investment in Constellium SE $CSTM

DGS Capital Management LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,307 shares of the industrial products company’s stock, valued at approximately $548,000.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Constellium by 6,985.7% during 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 during the period. Allworth Financial LP grew its position 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 during the period. GAMMA Investing LLC raised its stake in 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Constellium by 34.2% during 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 during the period. Finally, Quarry LP lifted its holdings 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 valued at $83,000 after acquiring an additional 1,960 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Price Performance

Constellium stock opened at $30.19 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39. The firm has a market cap of $4.11 billion, a P/E ratio of 9.77 and a beta of 1.55. The business’s fifty day moving average is $33.13 and its two-hundred day moving average is $27.29. Constellium SE has a 52 week low of $13.04 and a 52 week high of $36.99.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities research analysts forecast that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Constellium declared that its board has authorized a stock 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 buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Constellium

In other Constellium news, SVP Nicolas Brun sold 26,661 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $33.85, for a total transaction of $902,474.85. Following the sale, the senior vice president owned 104,891 shares of the company’s stock, valued at $3,550,560.35. This represents a 20.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jack Q. Guo sold 25,201 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.62, for a total transaction of $822,056.62. Following the completion of the sale, the chief financial officer owned 185,368 shares of the company’s stock, valued at $6,046,704.16. The trade was a 11.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 195,153 shares of company stock worth $6,369,312 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research note 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 report on Thursday, April 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Zacks Research cut shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, 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. One investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.