47,300 Shares in Constellium SE $CSTM Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 47,300 Constellium shares worth approximately $1.5 million in the second quarter. Institutional investors and hedge funds collectively own 92.59% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $35.80, compared with shares opening at $26.21.
• Constellium exceeded quarterly earnings expectations, reporting $1.04 in EPS versus the $0.86 consensus estimate, while revenue rose 30.7% year over year to $2.75 billion.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,300 shares of the industrial products company's stock, valued at approximately $1,507,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of Constellium by 3,014.9% in the second quarter. California State Teachers Retirement System now owns 4,539,372 shares of the industrial products company's stock worth $142,434,000 after purchasing an additional 4,393,640 shares in the last quarter. POM Investment Strategies LLC bought a new stake in shares of Constellium during the second quarter valued at about $32,000. HB Wealth Management LLC acquired a new stake in Constellium in the second quarter worth about $317,000. TD Waterhouse Canada Inc. acquired a new stake in Constellium in the second quarter worth about $5,582,000. Finally, Concurrent Investment Advisors LLC bought a new position in Constellium in the 2nd quarter valued at about $3,116,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CSTM shares. UBS Group lowered their target price 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. Wells Fargo & Company upped their price target on shares of Constellium from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of Constellium in a report on Thursday, July 30th. Zacks Research upgraded Constellium from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 7th. Finally, Weiss Ratings lowered Constellium from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.80.

Constellium Price Performance

Shares of NYSE CSTM opened at $26.21 on Friday. Constellium SE has a twelve month low of $14.39 and a twelve month high of $36.99. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of $28.27 and a two-hundred day moving average of $29.43. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 6.76 and a beta of 1.55.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The business's revenue was up 30.7% compared to the same quarter last year. As a group, analysts expect that Constellium SE will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the company's stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the acquisition, the director owned 43,515 shares of the company's stock, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

Constellium Company Profile

Constellium SE is a global manufacturer of value-added aluminum products and solutions. The company produces rolled, extruded and other fabricated aluminum products used in transportation, aerospace, automotive, packaging and industrial applications.

Its offerings include aluminum sheets, plates, coils, extrusions and structural components, as well as beverage can materials, foil stock, automotive body and structural parts, and aerospace components. Constellium also operates recycling activities that support the reuse of aluminum and the production of lower-carbon materials.

Constellium serves customers through manufacturing and engineering operations in North America, Europe and other international markets.

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