Constellium SE $CSTM Stake Raised by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Constellium SE (NYSE:CSTM) by 51.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 71,700 shares of the industrial products company’s stock after purchasing an additional 24,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Constellium were worth $1,734,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CSTM. Signaturefd LLC increased its holdings in Constellium by 48.0% during the 3rd quarter. Signaturefd LLC now owns 5,881 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 1,908 shares during the period. Sterling Capital Management LLC lifted its stake in Constellium by 44.7% in the 3rd quarter. Sterling Capital Management LLC now owns 21,792 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 6,736 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Constellium by 71.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,064 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 3,349 shares in the last quarter. Islay Capital Management LLC boosted its holdings in Constellium by 12.2% in the 3rd quarter. Islay Capital Management LLC now owns 27,231 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 2,962 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Constellium by 32.1% in the 3rd quarter. IFP Advisors Inc now owns 7,711 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 1,874 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Trading Up 0.2%

Shares of CSTM opened at $23.02 on Wednesday. The firm’s 50 day simple moving average is $25.40 and its 200 day simple moving average is $27.85. The company has a market capitalization of $3.10 billion, a P/E ratio of 5.62 and a beta of 1.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.48 and a quick ratio of 0.57. Constellium SE has a 1-year low of $14.62 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.11. Constellium had a net margin of 5.73% and a return on equity of 49.04%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $0.62 earnings per share. Constellium’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts forecast that Constellium SE will post 3.78 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jean-Christophe Deslarzes acquired 1,800 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $23.41 per share, with a total value of $42,138.00. Following the acquisition, the director owned 45,315 shares of the company’s stock, valued at approximately $1,060,824.15. The trade was a 4.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CSTM shares. Wells Fargo & Company reduced their price target on shares of Constellium from $38.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. JPMorgan Chase & Co. upgraded Constellium from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $34.00 to $35.00 in a research report on Thursday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. Barclays lifted their price objective on Constellium from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Finally, UBS Group reduced their target price on Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Constellium has a consensus rating of “Moderate Buy” and an average price target of $33.29.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium’s offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.