Inspire Investing LLC Buys New Stake in Constellium SE $CSTM

Inspire Investing LLC purchased a new position in shares of Constellium SE (NYSE:CSTM) in the first quarter, HoldingsChannel reports. The institutional investor purchased 68,923 shares of the industrial products company’s stock, valued at approximately $1,694,000.

Several other large investors have also recently added to or reduced their stakes in CSTM. Ethic Inc. raised its position in Constellium by 1.6% in the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 456 shares during the period. Mackenzie Financial Corp boosted its position in shares of Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 512 shares during the period. GAMMA Investing LLC boosted its position in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after buying an additional 707 shares during the period. Allworth Financial LP grew its stake in shares of 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 buying an additional 714 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 34.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after buying an additional 803 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Price Performance

CSTM stock opened at $31.84 on Wednesday. The stock’s 50 day moving average is $33.17 and its two-hundred day moving average is $26.97. Constellium SE has a 52-week low of $13.04 and a 52-week high of $36.99. The company has a market capitalization of $4.33 billion, a PE ratio of 10.30 and a beta of 1.55. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the business posted $0.26 EPS. The business’s revenue was up 24.4% on a year-over-year basis. Analysts predict that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Constellium declared that its board has approved a share buyback program on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CSTM has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Constellium from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group initiated coverage on shares of Constellium in a research report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price on the stock. Finally, JPMorgan Chase & Co. restated 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. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Constellium presently has an average rating of “Buy” and a consensus target price of $36.60.

Insider Transactions at Constellium

In other Constellium news, SVP Ludovic Piquier sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $33.57, for a total transaction of $33,570.00. Following the completion of the transaction, the senior vice president directly owned 241,713 shares of the company’s stock, valued at $8,114,305.41. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Jarrett sold 4,716 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $33.46, for a total transaction of $157,797.36. Following the completion of the sale, the senior vice president directly owned 15,375 shares of the company’s stock, valued at $514,447.50. The trade was a 23.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 195,153 shares of company stock valued at $6,369,312 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

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.