25,838 Shares in Constellium SE $CSTM Acquired by Globeflex Capital L P

Globeflex Capital L P purchased a new stake in Constellium SE (NYSE:CSTM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 25,838 shares of the industrial products company’s stock, valued at approximately $635,000.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Constellium by 35.4% during the third quarter. Millennium Management LLC now owns 6,935,766 shares of the industrial products company’s stock worth $103,204,000 after buying an additional 1,813,400 shares in the last quarter. Encompass Capital Advisors LLC grew its stake in shares of Constellium by 9.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,657,915 shares of the industrial products company’s stock valued at $87,802,000 after acquiring an additional 393,640 shares in the last quarter. Vanguard Group Inc. increased its position in Constellium by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 4,054,982 shares of the industrial products company’s stock worth $76,436,000 after acquiring an additional 755,918 shares during the period. Morgan Stanley raised its stake in Constellium by 48.4% in the 4th quarter. Morgan Stanley now owns 3,728,118 shares of the industrial products company’s stock worth $70,275,000 after purchasing an additional 1,216,516 shares in the last quarter. Finally, State Street Corp raised its stake in Constellium by 3.6% in the 4th quarter. State Street Corp now owns 2,660,518 shares of the industrial products company’s stock worth $50,151,000 after purchasing an additional 92,955 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSTM. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $40.00 price target on shares of Constellium in a research report on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Constellium currently has an average rating of “Moderate Buy” and an average target price of $35.60.

Insider Transactions at Constellium

In other Constellium news, SVP Martin Jarrett sold 4,716 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $33.46, for a total value of $157,797.36. Following the sale, the senior vice president owned 15,375 shares of the company’s stock, valued at approximately $514,447.50. This trade represents a 23.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Ormerod sold 8,000 shares of Constellium stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $35.01, for a total value of $280,080.00. Following the completion of the transaction, the director owned 24,873 shares in the company, valued at approximately $870,803.73. The trade was a 24.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 195,153 shares of company stock worth $6,369,312. 1.20% of the stock is owned by insiders.

Constellium Price Performance

CSTM stock opened at $29.39 on Thursday. The company’s 50-day moving average price is $32.23 and its two-hundred day moving average price is $28.15. The firm has a market cap of $4.00 billion, a P/E ratio of 9.51 and a beta of 1.55. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 1.71. Constellium SE has a 12 month low of $13.04 and a 12 month high of $36.99.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, analysts anticipate that Constellium SE will post 3.41 earnings per share for the current fiscal year.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.