Constellium SE (NYSE:CSTM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Constellium SE (NYSE:CSTM) by 15.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 823,290 shares of the industrial products company’s stock after buying an additional 111,390 shares during the quarter. Victory Capital Management Inc. owned approximately 0.57% of Constellium worth $13,387,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Constellium by 81.1% in the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 676 shares during the period. Blue Trust Inc. grew its holdings in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Constellium in the second quarter valued at $85,000. Quarry LP grew its holdings in Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. StockNews.com lowered Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, BMO Capital Markets lowered their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Constellium Trading Up 0.7 %

NYSE:CSTM opened at $11.66 on Thursday. 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 business’s 50 day moving average is $13.89 and its two-hundred day moving average is $16.95. Constellium SE has a 52 week low of $10.49 and a 52 week high of $23.20. The company has a market cap of $1.68 billion, a PE ratio of 15.76 and a beta of 1.65.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, analysts predict that Constellium SE will post 0.71 EPS for the current 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.