Creative Planning Buys 12,273 Shares of Constellium SE (NYSE:CSTM)

Creative Planning boosted its stake in Constellium SE (NYSE:CSTM) by 29.7% in the 2nd quarter, Holdings Channel reports. The firm owned 53,613 shares of the industrial products company’s stock after acquiring an additional 12,273 shares during the quarter. Creative Planning’s holdings in Constellium were worth $1,011,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CSTM. Cohen & Steers Inc. boosted its stake in Constellium by 26.2% in the 4th quarter. Cohen & Steers Inc. now owns 123,568 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 25,659 shares during the period. Prelude Capital Management LLC boosted its stake in Constellium by 37.6% in the 4th quarter. Prelude Capital Management LLC now owns 367,361 shares of the industrial products company’s stock worth $7,333,000 after purchasing an additional 100,304 shares during the period. Wellington Management Group LLP boosted its stake in Constellium by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 219,641 shares of the industrial products company’s stock worth $4,384,000 after purchasing an additional 17,171 shares during the period. Los Angeles Capital Management LLC bought a new position in Constellium in the 1st quarter worth about $272,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Constellium by 19.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after purchasing an additional 504,421 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

CSTM has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. BMO Capital Markets dropped their price target on Constellium from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $24.20.

Constellium Stock Performance

Shares of CSTM opened at $14.75 on Friday. The stock has a 50-day moving average price of $16.06 and a 200-day moving average price of $18.77. The company has a market cap of $2.13 billion, a PE ratio of 16.38 and a beta of 1.59. Constellium SE has a 12-month low of $14.12 and a 12-month high of $23.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. Constellium’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, equities analysts forecast that Constellium SE will post 1.6 earnings per share for the current fiscal year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.