Truist Financial Corp Increases Stake in Constellium SE (NYSE:CSTM)

Truist Financial Corp raised its holdings in Constellium SE (NYSE:CSTM) by 61.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 37,345 shares of the industrial products company’s stock after acquiring an additional 14,165 shares during the quarter. Truist Financial Corp’s holdings in Constellium were worth $704,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. CWM LLC lifted its holdings in Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Constellium during the second quarter worth approximately $85,000. Quarry LP boosted its holdings in Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares in the last quarter. Signaturefd LLC increased its stake in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Price Performance

Shares of NYSE:CSTM opened at $14.76 on Tuesday. Constellium SE has a 52 week low of $14.12 and a 52 week high of $23.20. The company has a 50-day moving average price of $16.02 and a 200 day moving average price of $18.64. The company has a market cap of $2.13 billion, a P/E ratio of 16.40 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.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $0.35 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. Research analysts predict that Constellium SE will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, BMO Capital Markets cut their price target on Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Constellium currently has a consensus rating of “Buy” and an average target price of $23.80.

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.