Constellium SE (NYSE:CSTM) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in Constellium SE (NYSE:CSTM) by 125.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,713 shares of the industrial products company’s stock after purchasing an additional 15,399 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Constellium were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CSTM. CWM LLC lifted its holdings in Constellium by 81.1% in 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 in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Constellium by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 42,134 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 698 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in Constellium by 2.4% in the fourth quarter. Hohimer Wealth Management LLC now owns 51,354 shares of the industrial products company’s stock valued at $1,025,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Constellium by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,625 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSTM. JPMorgan Chase & Co. cut their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, BMO Capital Markets dropped their target price on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $25.00.

Constellium Stock Up 1.2 %

Shares of NYSE:CSTM opened at $16.58 on Friday. The company’s fifty day moving average is $16.93 and its two-hundred day moving average is $19.29. 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 SE has a 1-year low of $14.12 and a 1-year high of $23.20. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.42 and a beta of 1.60.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. Constellium’s quarterly revenue was down 7.9% on a year-over-year basis. Equities analysts anticipate that Constellium SE will post 1.6 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.