Quarry LP Boosts Stake in Constellium SE (NYSE:CSTM)

Quarry LP lifted its holdings in Constellium SE (NYSE:CSTM) by 290.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,023 shares of the industrial products company’s stock after purchasing an additional 3,735 shares during the period. Quarry LP’s holdings in Constellium were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its holdings in Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after purchasing an additional 1,334,550 shares in the last quarter. Rubric Capital Management LP boosted its position in Constellium by 0.9% during the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock worth $69,046,000 after acquiring an additional 32,548 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted 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 acquiring an additional 257,618 shares during the last quarter. Highland Peak Capital LLC grew its stake in Constellium by 14.1% during the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock valued at $35,860,000 after acquiring an additional 234,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Constellium by 1.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after acquiring an additional 21,569 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets cut 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $25.00.

Constellium Trading Down 1.6 %

Shares of CSTM stock opened at $16.19 on Thursday. Constellium SE has a fifty-two week low of $14.12 and a fifty-two week high of $23.20. The company has a 50 day moving average price of $16.37 and a 200 day moving average price of $19.02. The stock has a market capitalization of $2.34 billion, a P/E ratio of 17.99 and a beta of 1.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33.

Constellium (NYSE:CSTM) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities research analysts predict that Constellium SE will post 1.6 EPS for the current fiscal year.

Constellium Company 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.