Northern Trust Corp Buys 23,789 Shares of Constellium SE (NYSE:CSTM)

Northern Trust Corp increased its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 913,228 shares of the industrial products company's stock after acquiring an additional 23,789 shares during the quarter. Northern Trust Corp owned about 0.62% of Constellium worth $9,379,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CSTM. Handelsbanken Fonder AB grew its position in shares of Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after purchasing an additional 1,645 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock worth $787,000 after purchasing an additional 1,989 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Constellium during the 4th quarter worth approximately $31,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Constellium by 16.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company's stock valued at $352,000 after buying an additional 4,937 shares during the period. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Tuesday, February 25th.

Constellium Price Performance

CSTM stock traded down $0.16 during mid-day trading on Friday, hitting $11.66. The stock had a trading volume of 1,507,668 shares, compared to its average volume of 1,445,348. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 52 week low of $7.33 and a 52 week high of $22.00. The firm has a market capitalization of $1.67 billion, a P/E ratio of 36.44 and a beta of 1.65. The firm has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $10.66.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. As a group, research analysts forecast that Constellium SE will post 1.1 EPS for the current year.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.