Navellier & Associates Inc. Buys 45,787 Shares of Constellium SE $CSTM

Navellier & Associates Inc. raised its position in Constellium SE (NYSE:CSTM) by 49.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 138,449 shares of the industrial products company’s stock after buying an additional 45,787 shares during the quarter. Navellier & Associates Inc.’s holdings in Constellium were worth $4,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSTM. Ethic Inc. lifted its position in shares of Constellium by 1.6% during the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock worth $552,000 after buying an additional 456 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 512 shares in the last quarter. Summit Global Investments grew its position in Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after acquiring an additional 554 shares during the last quarter. Moran Wealth Management LLC grew its position in Constellium by 6.7% in the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 692 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 714 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Ormerod sold 8,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $35.01, for a total transaction of $280,080.00. Following the completion of the sale, the director directly owned 24,873 shares of the company’s stock, valued at $870,803.73. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jean-Christophe Deslarzes bought 1,490 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $27.24 per share, for a total transaction of $40,587.60. Following the transaction, the director owned 43,515 shares of the company’s stock, valued at $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Constellium Stock Down 1.5%

Shares of NYSE CSTM opened at $27.00 on Friday. The company has a market capitalization of $3.66 billion, a P/E ratio of 6.96 and a beta of 1.57. Constellium SE has a 52-week low of $13.58 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. The company’s 50 day moving average price is $29.28 and its 200-day moving average price is $29.28.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. Equities analysts forecast that Constellium SE will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CSTM shares. UBS Group reduced their price target on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of Constellium in a research report on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings cut shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

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.