Wiley BROS. Aintree Capital LLC lessened its stake in shares of Constellium SE (NYSE:CSTM – Free Report) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,220 shares of the industrial products company’s stock after selling 2,925 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in Constellium were worth $1,001,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of CSTM. T. Rowe Price Investment Management Inc. boosted its holdings in Constellium by 3.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company’s stock valued at $172,777,000 after purchasing an additional 446,722 shares in the last quarter. FMR LLC grew its holdings in Constellium by 6.9% during the first quarter. FMR LLC now owns 11,934,615 shares of the industrial products company’s stock worth $182,361,000 after acquiring an additional 767,240 shares during the period. BlackRock Inc. grew its holdings in Constellium by 2.7% during the third quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company’s stock worth $109,742,000 after acquiring an additional 289,631 shares during the period. Goldman Sachs Group Inc. raised its position in Constellium by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company’s stock worth $60,395,000 after acquiring an additional 392,614 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Constellium by 2,823.5% in the first quarter. Jennison Associates LLC now owns 3,129,025 shares of the industrial products company’s stock valued at $47,812,000 after acquiring an additional 3,021,995 shares during the period.
Analyst Ratings Changes
CSTM has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Tuesday. Benchmark lifted their price target on shares of Constellium from $19.00 to $24.00 in a research report on Thursday, July 27th. JPMorgan Chase & Co. decreased their price target on Constellium from $24.00 to $21.00 in a research note on Friday, July 14th. Finally, BMO Capital Markets raised their price objective on Constellium from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.
Constellium Price Performance
Shares of CSTM stock traded up $0.47 during trading hours on Thursday, hitting $17.53. The company’s stock had a trading volume of 155,413 shares, compared to its average volume of 819,013. The company has a current ratio of 1.21, a quick ratio of 0.55 and a debt-to-equity ratio of 2.27. The business has a fifty day moving average of $17.71 and a 200-day moving average of $16.15. Constellium SE has a twelve month low of $9.82 and a twelve month high of $19.46. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 11.61 and a beta of 1.89.
Constellium (NYSE:CSTM – Get Free Report) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Constellium had a net margin of 2.64% and a return on equity of 28.20%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.17 billion. As a group, equities research analysts anticipate that Constellium SE will post 1.17 EPS for the current year.
Constellium Company Profile
Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, automotive, other transportation and industrial end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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