Constellium SE (NYSE:CSTM) Shares Purchased by Rubric Capital Management LP

Rubric Capital Management LP boosted its stake in shares of Constellium SE (NYSE:CSTM) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,662,895 shares of the industrial products company’s stock after purchasing an additional 32,548 shares during the period. Constellium makes up approximately 1.8% of Rubric Capital Management LP’s portfolio, making the stock its 17th biggest holding. Rubric Capital Management LP owned approximately 2.54% of Constellium worth $69,046,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. raised its stake in Constellium by 47.7% during the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock worth $77,877,000 after purchasing an additional 1,334,550 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Constellium by 8.3% in the 2nd 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 period. Highland Peak Capital LLC raised its stake in shares of 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 valued at $35,860,000 after acquiring an additional 234,756 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Constellium by 1.3% in the 1st 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 acquiring an additional 21,569 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Constellium by 10.3% in the 1st 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. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price 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. lowered their price target on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, BMO Capital Markets lowered their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Constellium currently has an average rating of “Buy” and a consensus price target of $25.00.

Constellium Trading Down 3.2 %

NYSE CSTM opened at $16.23 on Friday. Constellium SE has a one year low of $14.12 and a one year high of $23.20. The company has a 50-day simple moving average of $16.72 and a 200-day simple moving average of $19.20. 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 capitalization of $2.34 billion, a PE ratio of 18.03 and a beta of 1.60.

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