Constellium SE (NYSE:CSTM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Constellium SE (NYSE:CSTM) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $35.60.

CSTM has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings lowered Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. UBS Group decreased their price target on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th.

Constellium Price Performance

CSTM opened at $28.82 on Tuesday. Constellium has a one year low of $13.04 and a one year high of $36.99. 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 company’s 50 day simple moving average is $32.93 and its 200-day simple moving average is $27.67. The stock has a market capitalization of $3.92 billion, a P/E ratio of 9.33 and a beta of 1.55.

Constellium (NYSE:CSTM) last issued 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 business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the business posted $0.26 earnings per share. Constellium’s revenue for the quarter was up 24.4% compared to the same quarter last year. Sell-side analysts anticipate that Constellium will post 3.34 earnings per share for the current fiscal year.

Insider Activity at Constellium

In related news, insider Philippe Hoffmann sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $31.92, for a total transaction of $1,596,000.00. Following the completion of the sale, the insider directly owned 144,153 shares of the company’s stock, valued at $4,601,363.76. The trade was a 25.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Philip Ryan Jurkovic sold 48,784 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $32.01, for a total transaction of $1,561,575.84. Following the sale, the senior vice president directly owned 172,149 shares of the company’s stock, valued at approximately $5,510,489.49. This trade represents a 22.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 195,153 shares of company stock worth $6,369,312. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Constellium

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in shares of Constellium by 35.4% during 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 acquiring an additional 1,813,400 shares during the last quarter. Encompass Capital Advisors LLC boosted its position in shares of Constellium by 9.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock worth $87,802,000 after purchasing an additional 393,640 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Constellium by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock worth $76,436,000 after purchasing an additional 755,918 shares during the last quarter. Morgan Stanley grew its stake in shares of Constellium by 48.4% during the fourth quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after purchasing an additional 1,216,516 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Constellium by 620.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company’s stock worth $79,345,000 after purchasing an additional 2,780,260 shares during the period. 92.59% of the stock is owned by institutional investors.

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.