Insider Buying: Constellium (NYSE:CSTM) Director Purchases $42,138.00 in Stock

Key Points

• Director Jean-Christophe Deslarzes bought 1,800 Constellium shares at an average price of $23.41, investing $42,138 and increasing his direct ownership by 4.14% to 45,315 shares.
• Constellium’s latest quarterly results exceeded expectations, with EPS of $0.84 versus the $0.73 consensus and revenue of $2.64 billion, up 21.8% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $33.29 price target, while institutional investors own 92.59% of the company’s stock.

Constellium SE (NYSE:CSTM - Get Free Report) Director Jean-Christophe Deslarzes purchased 1,800 shares of the firm's stock in a transaction on Monday, November 2nd. The shares were acquired at an average price of $23.41 per share, for a total transaction of $42,138.00. Following the purchase, the director directly owned 45,315 shares of the company's stock, valued at approximately $1,060,824.15. This represents a 4.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Constellium Stock Performance

Constellium stock traded up $0.25 on Tuesday, hitting $23.23. The company's stock had a trading volume of 272,777 shares, compared to its average volume of 1,942,168. The firm has a market cap of $3.15 billion, a P/E ratio of 5.67 and a beta of 1.57. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of $25.47 and a 200-day moving average price of $27.85. Constellium SE has a one year low of $14.62 and a one year high of $36.99.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.11. Constellium had a net margin of 5.73% and a return on equity of 51.47%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $0.62 EPS. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Constellium SE will post 3.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CSTM. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellium from $39.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. Wall Street Zen lowered Constellium from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 17th. Zacks Research cut Constellium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Constellium in a research report on Monday, September 28th. Finally, UBS Group cut their target price on Constellium from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.29.

Institutional Trading of Constellium

Several hedge funds have recently modified their holdings of CSTM. Arrowstreet Capital Limited Partnership grew its position in Constellium by 620.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,228,027 shares of the industrial products company's stock worth $79,345,000 after acquiring an additional 2,780,260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Constellium by 894.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,056,336 shares of the industrial products company's stock valued at $50,545,000 after purchasing an additional 1,849,554 shares during the last quarter. Bank of America Corp DE boosted its stake in Constellium by 100.1% in the first quarter. Bank of America Corp DE now owns 851,222 shares of the industrial products company's stock worth $20,923,000 after purchasing an additional 425,871 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Constellium by 775.9% in the first quarter. Janus Henderson Group PLC now owns 439,301 shares of the industrial products company's stock worth $10,797,000 after purchasing an additional 389,147 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Constellium in the first quarter worth $7,784,000. Institutional investors and hedge funds own 92.59% of the company's stock.

About Constellium

Constellium SE NYSE: CSTM is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium's offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.

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