DekaBank Deutsche Girozentrale purchased a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 101,080 shares of the industrial products company's stock, valued at approximately $2,024,000. DekaBank Deutsche Girozentrale owned approximately 0.07% of Constellium at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in Constellium by 1.7% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock valued at $267,212,000 after purchasing an additional 251,829 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Constellium by 3.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company's stock valued at $172,777,000 after purchasing an additional 446,722 shares during the last quarter. BlackRock Inc. lifted its holdings in Constellium by 2.7% during the 3rd quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company's stock valued at $109,742,000 after purchasing an additional 289,631 shares during the last quarter. Jennison Associates LLC lifted its holdings in Constellium by 2.5% during the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company's stock valued at $103,350,000 after purchasing an additional 136,338 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Constellium by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company's stock valued at $60,395,000 after purchasing an additional 392,614 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Constellium Price Performance
Shares of NYSE CSTM traded down $0.52 during trading on Friday, reaching $21.15. The company had a trading volume of 900,305 shares, compared to its average volume of 658,671. Constellium SE has a 52 week low of $13.40 and a 52 week high of $23.20. The stock has a market cap of $3.05 billion, a PE ratio of 22.74 and a beta of 1.71. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. The business's 50 day moving average price is $20.26 and its 200-day moving average price is $18.73.
Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Analysts expect that Constellium SE will post 1.95 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Constellium in a report on Tuesday, January 16th. They set a "buy" rating and a $27.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Constellium from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellium from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $25.60.
Check Out Our Latest Stock Report on CSTM
About Constellium
(
Free Report)
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.
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