Signaturefd LLC Buys 2,805 Shares of Constellium SE (NYSE:CSTM)

Signaturefd LLC lifted its stake in shares of Constellium SE (NYSE:CSTM) by 41.5% during the third quarter, Holdings Channel reports. The fund owned 9,557 shares of the industrial products company’s stock after buying an additional 2,805 shares during the quarter. Signaturefd LLC’s holdings in Constellium were worth $155,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,753 shares in the last quarter. Net Worth Advisory Group acquired a new position in shares of Constellium during the third quarter worth approximately $213,000. nVerses Capital LLC acquired a new position in shares of Constellium during the third quarter worth approximately $174,000. ZWJ Investment Counsel Inc. bought a new position in shares of Constellium in the 3rd quarter worth $192,000. Finally, Creative Planning grew its position in Constellium by 16.3% in the 3rd quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 8,755 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $12.00 in a research note on Thursday. BMO Capital Markets dropped their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Price Performance

Shares of NYSE CSTM opened at $11.35 on Monday. The company has a market capitalization of $1.64 billion, a PE ratio of 12.61 and a beta of 1.59. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The stock’s 50 day moving average price is $15.62 and its 200-day moving average price is $18.07. Constellium SE has a twelve month low of $10.49 and a twelve month high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s revenue 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. On average, equities analysts anticipate that Constellium SE will post 1.54 EPS for the current 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.