Constellium SE $CSTM Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Constellium SE (NYSE:CSTM) by 53.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,497,460 shares of the industrial products company’s stock after acquiring an additional 522,725 shares during the quarter. SG Americas Securities LLC’s holdings in Constellium were worth $36,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSTM. Farther Finance Advisors LLC boosted its position in shares of Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,467 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 2,002 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 707 shares in the last quarter. Finally, Quarry LP lifted its stake in Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,960 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Constellium

In other Constellium news, SVP Martin Jarrett sold 4,716 shares of Constellium stock in a transaction on Thursday, May 14th. The shares were 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 owned 15,375 shares of the company’s stock, valued at $514,447.50. This trade represents a 23.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ludovic Piquier sold 1,000 shares of the business’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 transaction, the senior vice president owned 241,713 shares in the company, valued at approximately $8,114,305.41. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 195,153 shares of company stock worth $6,369,312. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Constellium from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group assumed coverage on Constellium in a report on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 price target on Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $36.60.

Constellium Price Performance

Shares of CSTM opened at $33.45 on Wednesday. The business’s 50-day moving average is $32.95 and its 200-day moving average is $26.46. 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 has a market capitalization of $4.55 billion, a price-to-earnings ratio of 10.83 and a beta of 1.55. Constellium SE has a fifty-two week low of $12.97 and a fifty-two week high of $36.99.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.43 billion. During the same period last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts expect that Constellium SE will post 3.34 EPS for the current fiscal year.

Constellium declared that its Board of Directors has authorized a stock repurchase program on Thursday, March 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Constellium 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.