Signaturefd LLC Boosts Holdings in Constellium SE (NYSE:CSTM)

Signaturefd LLC lifted its position in shares of Constellium SE (NYSE:CSTM) by 16.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,752 shares of the industrial products company’s stock after buying an additional 933 shares during the period. Signaturefd LLC’s holdings in Constellium were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its position in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after purchasing an additional 257,618 shares during the last quarter. Rubric Capital Management LP boosted its holdings in Constellium by 49.6% in the fourth quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company’s stock valued at $58,372,000 after acquiring an additional 970,164 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Constellium by 12,970.1% during the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company’s stock valued at $61,839,000 after acquiring an additional 2,775,469 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Constellium by 1.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock worth $37,563,000 after acquiring an additional 21,569 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Constellium by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after purchasing an additional 145,604 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. BMO Capital Markets lowered their price target on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Constellium has an average rating of “Buy” and an average price target of $25.00.

Constellium Price Performance

CSTM stock opened at $16.07 on Wednesday. The stock’s 50 day moving average is $17.36 and its two-hundred day moving average is $19.46. Constellium SE has a 52-week low of $14.12 and a 52-week high of $23.20. The company has a market capitalization of $2.32 billion, a PE ratio of 17.86 and a beta of 1.60. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last released its quarterly 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 business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. Analysts predict 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.