Westwood Holdings Group Inc. Grows Holdings in Constellium SE (NYSE:CSTM)

Westwood Holdings Group Inc. lifted its holdings in shares of Constellium SE (NYSE:CSTM) by 47.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,131,418 shares of the industrial products company’s stock after purchasing an additional 1,334,550 shares during the quarter. Westwood Holdings Group Inc. owned about 2.86% of Constellium worth $77,877,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of 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 worth $63,339,000 after purchasing an additional 257,618 shares during the period. Rubric Capital Management LP lifted its stake in shares of Constellium by 49.6% during the 4th quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company’s stock worth $58,372,000 after purchasing an additional 970,164 shares during the period. Highland Peak Capital LLC boosted its stake in Constellium by 14.1% in the 2nd quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after buying an additional 234,756 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Constellium by 1.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company’s stock valued at $37,563,000 after purchasing an additional 21,569 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Constellium by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after buying an additional 145,604 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Down 3.2 %

Shares of CSTM opened at $16.23 on Friday. 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’s 50-day simple moving average is $16.72 and its 200 day simple moving average is $19.20. Constellium SE has a 52 week low of $14.12 and a 52 week high of $23.20. The firm has a market cap of $2.34 billion, a P/E ratio of 18.03 and a beta of 1.60.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company 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.