Allspring Global Investments Holdings LLC Has $478,000 Stock Holdings in Constellium SE (NYSE:CSTM)

Allspring Global Investments Holdings LLC cut its stake in shares of Constellium SE (NYSE:CSTM) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,374 shares of the industrial products company’s stock after selling 5,014 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Constellium were worth $478,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC boosted its position in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Constellium by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 698 shares during the last quarter. Signaturefd LLC boosted its position in Constellium by 16.0% during 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. Advisors Asset Management Inc. raised its stake in Constellium by 29.9% in the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,625 shares during the period. Finally, Blue Trust Inc. raised its stake in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,753 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Price Performance

Constellium stock opened at $11.33 on Friday. The stock’s fifty day moving average price is $15.14 and its two-hundred day moving average price is $17.77. Constellium SE has a one year low of $10.49 and a one year high of $23.20. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm has a market cap of $1.63 billion, a PE ratio of 15.30 and a beta of 1.59.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. As a group, research analysts expect that Constellium SE will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSTM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. StockNews.com lowered Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets dropped their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

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.