Fmr LLC Has $238.73 Million Stake in Constellium SE (NYSE:CSTM)

Fmr LLC lifted its position in shares of Constellium SE (NYSE:CSTM) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,681,988 shares of the industrial products company’s stock after purchasing an additional 484,011 shares during the quarter. Fmr LLC owned approximately 0.10% of Constellium worth $238,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Constellium by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after buying an additional 145,604 shares in the last quarter. Boston Partners boosted its position in shares of Constellium by 67.9% during the 1st quarter. Boston Partners now owns 56,950 shares of the industrial products company’s stock valued at $1,259,000 after acquiring an additional 23,033 shares in the last quarter. CWM LLC increased its stake in Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 676 shares during the period. Contravisory Investment Management Inc. acquired a new position in Constellium in the second quarter worth about $195,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings 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 valued at $63,339,000 after purchasing an additional 257,618 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CSTM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BMO Capital Markets reduced their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Constellium Stock Up 0.1 %

Shares of NYSE CSTM opened at $12.26 on Monday. Constellium SE has a 12-month low of $10.49 and a 12-month high of $23.20. The firm’s 50-day simple moving average is $13.29 and its 200 day simple moving average is $16.56. 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 company has a market cap of $1.77 billion, a price-to-earnings ratio of 16.57 and a beta of 1.65.

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