Public Employees Retirement System of Ohio Invests $1.66 Million in Constellium SE $CSTM

Key Points

• Public Employees Retirement System of Ohio bought 52,125 Constellium shares worth approximately $1.66 million, while institutional investors and hedge funds collectively own 92.59% of the company.
• Constellium reported quarterly earnings of $1.04 per share, beating estimates of $0.86, while revenue rose 30.7% year over year to $2.75 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.80, compared with the stock’s recent price of $27.17.

Public Employees Retirement System of Ohio purchased a new position in shares of Constellium SE (NYSE:CSTM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 52,125 shares of the industrial products company's stock, valued at approximately $1,661,000.

Several other hedge funds have also recently added to or reduced their stakes in CSTM. Allworth Financial LP boosted its stake in Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company's stock worth $39,000 after purchasing an additional 714 shares during the last quarter. USA Financial Formulas raised its position in shares of Constellium by 94.9% in the first quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company's stock valued at $55,000 after buying an additional 1,097 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Constellium by 34.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company's stock valued at $59,000 after buying an additional 803 shares during the last quarter. Quarry LP raised its position in shares of Constellium by 53.7% in the third quarter. Quarry LP now owns 5,610 shares of the industrial products company's stock valued at $83,000 after buying an additional 1,960 shares during the last quarter. Finally, World Equity Group Inc. purchased a new position in shares of Constellium in the second quarter worth about $204,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Up 0.1%

Shares of CSTM stock opened at $27.17 on Tuesday. The company's 50-day moving average price is $28.56 and its 200-day moving average price is $29.43. 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 stock has a market cap of $3.68 billion, a price-to-earnings ratio of 7.00 and a beta of 1.55. Constellium SE has a twelve month low of $13.60 and a twelve month high of $36.99.

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, beating analysts' consensus estimates of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Constellium's quarterly revenue was up 30.7% on a year-over-year basis. As a group, equities analysts predict that Constellium SE will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Constellium

In other news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the acquisition, the director directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

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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