Legal & General Group Plc raised its position in shares of Constellium NV (NYSE:CSTM) by 247.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 393,137 shares of the industrial products company’s stock after buying an additional 280,119 shares during the quarter. Legal & General Group Plc owned about 0.37% of Constellium worth $4,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Motley Fool Wealth Management LLC lifted its position in Constellium by 4.6% during the second quarter. Motley Fool Wealth Management LLC now owns 522,644 shares of the industrial products company’s stock valued at $5,383,000 after buying an additional 22,954 shares during the period. BlackRock Inc. lifted its position in Constellium by 71.1% during the second quarter. BlackRock Inc. now owns 5,925,330 shares of the industrial products company’s stock valued at $61,031,000 after buying an additional 2,463,259 shares during the period. Royce & Associates LP lifted its position in Constellium by 2.4% during the second quarter. Royce & Associates LP now owns 302,000 shares of the industrial products company’s stock valued at $3,111,000 after buying an additional 7,000 shares during the period. Private Advisor Group LLC purchased a new position in Constellium during the second quarter valued at $323,000. Finally, Swiss National Bank purchased a new position in Constellium during the second quarter valued at $2,171,000. 88.69% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CSTM opened at $12.25 on Tuesday. Constellium NV has a 1-year low of $9.07 and a 1-year high of $14.10. The company has a quick ratio of 0.66, a current ratio of 1.23 and a debt-to-equity ratio of -7.55. The firm has a market cap of $1.31 billion, a PE ratio of -38.28 and a beta of 0.98.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.09. Constellium had a negative return on equity of 4.32% and a negative net margin of 0.54%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $0.15 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. sell-side analysts predict that Constellium NV will post 1.05 EPS for the current fiscal year.

Several equities analysts have commented on the company. ValuEngine raised Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Morgan Stanley raised their price objective on Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Jefferies Financial Group set a $16.00 price objective on Constellium and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, BMO Capital Markets raised their price objective on Constellium from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.50.

Constellium Profile

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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