Constellium (NYSE:CSTM) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Constellium SE (NYSE:CSTM – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.72 and traded as high as $33.54. Constellium shares last traded at $33.2590, with a volume of 3,137,738 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 price target on shares of Constellium in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price target on Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Constellium currently has an average rating of “Buy” and an average price target of $36.60.

Check Out Our Latest Stock Report on CSTM

Constellium Stock Up 0.1%

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 business has a 50 day moving average price of $29.27 and a 200 day moving average price of $23.72. The firm has a market capitalization of $4.53 billion, a P/E ratio of 10.76 and a beta of 1.54.

Constellium (NYSE:CSTM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, analysts predict that Constellium SE will post 3.34 earnings per share for the current year.

Constellium announced that its board has approved a share buyback 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 repurchase up to 8.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Constellium news, SVP Nicolas Brun sold 26,661 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $33.85, for a total transaction of $902,474.85. Following the transaction, the senior vice president owned 104,891 shares of the company’s stock, valued at approximately $3,550,560.35. This represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jack Q. Guo sold 41,717 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $25.87, for a total value of $1,079,218.79. Following the completion of the transaction, the chief financial officer directly owned 190,879 shares in the company, valued at approximately $4,938,039.73. This trade represents a 17.94% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have acquired 5,490 shares of company stock worth $167,089 and have sold 374,235 shares worth $10,855,038. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Constellium

A number of large investors have recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC acquired a new position in Constellium in the third quarter valued at $1,969,000. JPMorgan Chase & Co. raised its holdings in shares of Constellium by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after purchasing an additional 236,264 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Constellium by 89.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,720 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 57,337 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Constellium by 55.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 163,261 shares of the industrial products company’s stock valued at $2,429,000 after purchasing an additional 57,909 shares during the period. Finally, GW&K Investment Management LLC acquired a new position in shares of Constellium during the third quarter valued at about $2,381,000. Institutional investors own 92.59% of the company’s stock.

Constellium Company Profile

(Get Free Report)

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.

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