Voya Investment Management LLC Reduces Stock Position in Constellium SE (NYSE:CSTM)

Voya Investment Management LLC lowered its position in Constellium SE (NYSE:CSTM - Free Report) by 55.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,664 shares of the industrial products company's stock after selling 235,514 shares during the period. Voya Investment Management LLC owned about 0.13% of Constellium worth $1,948,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Constellium by 476.1% during the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock valued at $5,473,000 after purchasing an additional 278,149 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 during the last quarter. Principal Financial Group Inc. raised its position in Constellium by 35.3% in 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 boosted its stake in shares of Constellium by 48.1% during the 4th 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 during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Constellium by 41.7% during the 4th quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock worth $611,000 after acquiring an additional 17,515 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Stock Up 3.7 %

CSTM opened at $11.18 on Friday. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 34.94 and a beta of 1.65. The firm's fifty day moving average is $10.12 and its 200 day moving average is $10.70.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.19. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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 report on Tuesday, February 25th.

Constellium 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.

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