GW&K Investment Management LLC Takes $2.38 Million Position in Constellium SE $CSTM

Key Points

• GW&K Investment Management LLC opened a new position in Constellium by acquiring 160,030 shares in Q3, valued at approximately $2.38 million, representing about 0.12% of the company.
• Constellium reported a strong quarter—$0.80 EPS vs. $0.36 consensus and revenue of $2.20 billion (up 27.9% YoY)—and several brokers raised price targets, leaving an average analyst target of about $29 with Buy/Outperform ratings.
• Institutional investors own roughly 92.59% of the stock, while insiders have sold about 113,270 shares in the last 90 days (insiders hold 1.54%), signaling heavy institutional ownership alongside recent insider selling.

GW&K Investment Management LLC acquired a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 160,030 shares of the industrial products company's stock, valued at approximately $2,381,000. GW&K Investment Management LLC owned 0.12% of Constellium at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Constellium by 578.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company's stock worth $35,000 after purchasing an additional 2,002 shares in the last quarter. KBC Group NV acquired a new position in shares of Constellium during the 2nd quarter worth approximately $56,000. EMC Capital Management bought a new position in shares of Constellium during the second quarter worth approximately $135,000. Principal Financial Group Inc. acquired a new stake in shares of Constellium in the third quarter valued at approximately $154,000. Finally, PharVision Advisers LLC bought a new stake in shares of Constellium in the second quarter valued at approximately $147,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Performance

Shares of Constellium stock opened at $24.70 on Friday. The company's 50 day moving average price is $23.13 and its two-hundred day moving average price is $18.43. The firm has a market capitalization of $3.34 billion, a P/E ratio of 12.80 and a beta of 1.48. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $27.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.51.

Constellium (NYSE:CSTM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.44. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.05 billion. Constellium had a return on equity of 32.14% and a net margin of 3.23%.Constellium's revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) EPS. On average, equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Insider Activity at Constellium

In other Constellium news, SVP Stephen Charles Walters sold 1,500 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marcus Becker sold 15,570 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $25.58, for a total transaction of $398,280.60. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 113,270 shares of company stock valued at $2,966,408. Corporate insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSTM. BMO Capital Markets lifted their price objective on Constellium from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellium from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Weiss Ratings restated a "hold (c)" rating on shares of Constellium in a research note on Monday, December 29th. Zacks Research upgraded Constellium from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on Constellium from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $29.00.

Constellium Company 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.

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