Constellium SE $CSTM Stock Position Boosted by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Constellium stake by 56.9% in the third quarter, bringing its holdings to 198,487 shares valued at approximately $4.8 million. Institutional investors collectively own 92.59% of the company.
• Analyst sentiment remains positive but mixed: Constellium has a consensus “Moderate Buy” rating and an average price target of $33.33, compared with its recent trading price of $25.43.
• Constellium reported quarterly EPS of $1.04, beating estimates of $0.86, while revenue rose 30.7% year over year to $2.75 billion. A company director also purchased 1,490 shares, increasing insider ownership by 3.55%.

State of Alaska Department of Revenue raised its position in Constellium SE (NYSE:CSTM - Free Report) by 56.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,487 shares of the industrial products company's stock after purchasing an additional 72,000 shares during the quarter. State of Alaska Department of Revenue owned 0.15% of Constellium worth $4,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in shares of Constellium by 4.2% during the second quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company's stock worth $322,000 after buying an additional 409 shares during the period. GAMMA Investing LLC grew its holdings in shares of Constellium by 12.5% during the third quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company's stock worth $97,000 after buying an additional 447 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in Constellium by 6.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,431 shares of the industrial products company's stock valued at $216,000 after buying an additional 499 shares during the last quarter. Summit Global Investments raised its position in Constellium by 1.7% in the 1st quarter. Summit Global Investments now owns 33,799 shares of the industrial products company's stock valued at $831,000 after buying an additional 554 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in Constellium by 6.7% in the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company's stock valued at $271,000 after buying an additional 692 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Activity at Constellium

In related news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the purchase, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays started coverage on Constellium in a research note on Wednesday. They issued an "equal weight" rating and a $28.00 target price on the stock. Zacks Research cut shares of Constellium from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Constellium from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of Constellium from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group lowered their price target on shares of Constellium from $34.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Constellium presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

Constellium Stock Performance

Constellium stock traded down $0.04 during midday trading on Friday, reaching $25.43. 1,170,336 shares of the company's stock were exchanged, compared to its average volume of 1,605,416. The stock's 50-day simple moving average is $26.40 and its 200 day simple moving average is $29.48. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 6.55 and a beta of 1.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. Constellium SE has a 52 week low of $14.62 and a 52 week high of $36.99.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business's revenue for the quarter was up 30.7% compared to the same quarter last year. On average, analysts expect that Constellium SE will post 3.79 earnings per share for the current fiscal year.

Constellium Company Profile

Constellium SE NYSE: CSTM is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.

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