Rhumbline Advisers Has $3.67 Million Stock Holdings in Constellium SE (NYSE:CSTM)

Rhumbline Advisers boosted its stake in shares of Constellium SE (NYSE:CSTM) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,716 shares of the industrial products company’s stock after purchasing an additional 6,179 shares during the period. Rhumbline Advisers owned 0.13% of Constellium worth $3,670,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Natixis Advisors LLC boosted its position in Constellium by 6.2% during the second quarter. Natixis Advisors LLC now owns 238,264 shares of the industrial products company’s stock valued at $4,491,000 after purchasing an additional 13,907 shares during the last quarter. Signaturefd LLC boosted its position in Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 933 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Constellium by 10.8% during the second quarter. Panagora Asset Management Inc. now owns 527,719 shares of the industrial products company’s stock valued at $9,948,000 after purchasing an additional 51,293 shares during the last quarter. Bailard Inc. lifted its position in shares of Constellium by 11.5% in the second quarter. Bailard Inc. now owns 21,300 shares of the industrial products company’s stock valued at $402,000 after buying an additional 2,200 shares during the last quarter. Finally, Highland Capital Management LLC lifted its position in shares of Constellium by 18.0% in the second quarter. Highland Capital Management LLC now owns 12,229 shares of the industrial products company’s stock valued at $231,000 after buying an additional 1,862 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Trading Up 0.3 %

Shares of CSTM opened at $16.63 on Tuesday. Constellium SE has a 52-week low of $14.12 and a 52-week high of $23.20. The business’s fifty day moving average is $16.93 and its 200-day moving average is $19.30. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 18.47 and a beta of 1.60.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $0.35 EPS. Constellium’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities analysts anticipate that Constellium SE will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. BMO Capital Markets cut their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average 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.