Federated Hermes Inc. Buys 27,372 Shares of Constellium SE (NYSE:CSTM)

Federated Hermes Inc. lifted its stake in Constellium SE (NYSE:CSTM) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 651,613 shares of the industrial products company’s stock after acquiring an additional 27,372 shares during the quarter. Federated Hermes Inc. owned 0.45% of Constellium worth $12,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Constellium by 21.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,231,960 shares of the industrial products company’s stock worth $24,590,000 after purchasing an additional 215,458 shares during the period. Norges Bank bought a new stake in shares of Constellium in the fourth quarter worth $18,845,000. Vaughan Nelson Investment Management L.P. increased its position in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock valued at $63,339,000 after acquiring an additional 257,618 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Constellium by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after acquiring an additional 145,604 shares during the period. Finally, Sei Investments Co. boosted its position in Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after purchasing an additional 176,158 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Trading Up 0.3 %

Shares of NYSE:CSTM opened at $16.63 on Tuesday. Constellium SE has a 12-month low of $14.12 and a 12-month high of $23.20. The company has a market cap of $2.40 billion, a PE ratio of 18.47 and a beta of 1.60. The stock has a 50 day moving average of $16.93 and a 200 day moving average of $19.30. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The company’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, equities research analysts expect that Constellium SE will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSTM. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. JPMorgan Chase & Co. decreased their price target on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Finally, BMO Capital Markets cut their price objective on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $25.00.

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.