Franklin Resources Inc. Grows Stock Position in Constellium SE (NYSE:CSTM)

Franklin Resources Inc. increased its holdings in Constellium SE (NYSE:CSTM) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,657 shares of the industrial products company’s stock after buying an additional 26,686 shares during the quarter. Franklin Resources Inc. owned 0.11% of Constellium worth $2,661,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after acquiring an additional 484,011 shares during the last quarter. Mountaineer Partners Management LLC lifted its position in Constellium by 1,683.0% during the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after purchasing an additional 8,428,150 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Constellium by 47.7% during the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after purchasing an additional 1,334,550 shares in the last quarter. Rubric Capital Management LP increased its position in Constellium by 0.9% in the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company’s stock worth $69,046,000 after buying an additional 32,548 shares in the last quarter. Finally, Highland Peak Capital LLC raised its stake in shares of Constellium by 14.1% in the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after buying an additional 234,756 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Price Performance

Shares of NYSE:CSTM opened at $10.33 on Thursday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 13.96 and a beta of 1.65. The firm has a fifty day moving average price of $11.77 and a 200 day moving average price of $15.32. Constellium SE has a fifty-two week low of $9.98 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

Constellium (NYSE:CSTM) last released its quarterly earnings data 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 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Constellium SE will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. JPMorgan Chase & Co. reduced 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, October 11th. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets cut their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.