Price T Rowe Associates Inc. MD Has $12.88 Million Holdings in Constellium SE (NYSE:CSTM)

Price T Rowe Associates Inc. MD trimmed its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 30.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,253,526 shares of the industrial products company's stock after selling 546,164 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.85% of Constellium worth $12,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its holdings in Constellium by 476.1% during the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after purchasing an additional 278,149 shares in the last quarter. Franklin Resources Inc. boosted its stake in Constellium by 19.5% during the third quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock valued at $2,661,000 after buying an additional 26,686 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 364,423 shares during the period. Rockingstone Advisors LLC raised its position in Constellium by 48.1% in the fourth quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company's stock worth $2,577,000 after acquiring an additional 81,467 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Constellium by 41.7% in the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock valued at $611,000 after acquiring an additional 17,515 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Constellium Stock Up 2.4 %

Shares of NYSE:CSTM traded up $0.26 during trading on Thursday, reaching $11.03. 112,016 shares of the company traded hands, compared to its average volume of 1,405,279. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm has a market cap of $1.58 billion, a P/E ratio of 34.47 and a beta of 1.65. The firm has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $10.64.

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

About Constellium

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.