Intech Investment Management LLC Takes $594,000 Position in Constellium SE (NYSE:CSTM)

Intech Investment Management LLC purchased a new position in shares of Constellium SE (NYSE:CSTM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,534 shares of the industrial products company’s stock, valued at approximately $594,000.

Several other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its position in shares of Constellium by 47.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after purchasing an additional 1,334,550 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Constellium in the third quarter valued at about $7,223,000. Kailix Advisors LLC boosted its holdings in Constellium by 40.0% during the second quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock worth $29,222,000 after buying an additional 413,605 shares in the last quarter. Principal Financial Group Inc. grew its position in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after buying an additional 364,423 shares during the period. Finally, Millennium Management LLC increased its stake in Constellium by 29.9% in the 2nd quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock valued at $22,127,000 after purchasing an additional 270,475 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Trading Up 0.1 %

Constellium stock opened at $12.26 on Friday. Constellium SE has a 52-week low of $10.49 and a 52-week high of $23.20. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.60 and a beta of 1.65. The firm has a 50-day moving average price of $13.29 and a two-hundred day moving average price of $16.59.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. BMO Capital Markets lowered their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Constellium Profile

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.