Constellium (NYSE:CSTM) Director Jean-Christophe Deslarzes Purchases 1,490 Shares of Stock

by · The Cerbat Gem

Constellium SE (NYSE:CSTM – Get Free Report) Director Jean-Christophe Deslarzes bought 1,490 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $27.24 per share, with a total value of $40,587.60. Following the acquisition, the director directly owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Constellium Price Performance

Shares of NYSE:CSTM traded up $0.64 during midday trading on Monday, hitting $28.42. The company’s stock had a trading volume of 2,123,863 shares, compared to its average volume of 1,713,810. The business’s 50 day simple moving average is $31.64 and its 200 day simple moving average is $28.61. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. The company has a market cap of $3.85 billion, a P/E ratio of 7.32 and a beta of 1.57. Constellium SE has a 12-month low of $13.06 and a 12-month high of $36.99.

Constellium (NYSE:CSTM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. Constellium’s quarterly revenue was up 30.7% on a year-over-year basis. On average, analysts forecast that Constellium SE will post 3.7 EPS for the current year.

Hedge Funds Weigh In On Constellium

Institutional investors have recently bought and sold shares of the company. LSV Asset Management boosted its stake in shares of Constellium by 33.2% in the fourth quarter. LSV Asset Management now owns 248,800 shares of the industrial products company’s stock valued at $4,690,000 after purchasing an additional 62,000 shares during the period. Danske Bank A S purchased a new stake in Constellium during the 4th quarter worth approximately $8,239,000. SG Americas Securities LLC increased its stake in Constellium by 53.6% during the 1st quarter. SG Americas Securities LLC now owns 1,497,460 shares of the industrial products company’s stock worth $36,808,000 after buying an additional 522,725 shares during the period. Penn Capital Management Company LLC acquired a new stake in Constellium during the 4th quarter worth approximately $6,900,000. Finally, Thornburg Investment Management Inc. acquired a new stake in Constellium during the 4th quarter worth approximately $4,745,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. 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 note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a report on Thursday. Finally, BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the company an “outperform” rating in a report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.80.

Check Out Our Latest Research Report on Constellium

About Constellium

(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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