Edgestream Partners L.P. Makes New Investment in Constellium SE (NYSE:CSTM)

Edgestream Partners L.P. acquired a new stake in shares of Constellium SE (NYSE:CSTM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 49,772 shares of the industrial products company’s stock, valued at approximately $938,000.

Other institutional investors have also recently modified their holdings of the company. CWM LLC raised its position in Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares during the period. Signaturefd LLC increased its stake 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 worth $127,000 after buying an additional 933 shares during the period. Advisors Asset Management Inc. raised its holdings in Constellium by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,625 shares during the last quarter. Legacy Capital Group California Inc. purchased a new stake in Constellium during the 2nd quarter valued at $193,000. Finally, Contravisory Investment Management Inc. bought a new stake in Constellium in the 2nd quarter worth $195,000. 92.59% of the stock is currently owned by institutional investors.

Constellium Trading Down 3.2 %

NYSE:CSTM opened at $16.22 on Friday. The firm has a market capitalization of $2.34 billion, a P/E ratio of 18.02 and a beta of 1.60. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. Constellium SE has a one year low of $14.12 and a one year high of $23.20. The company’s 50-day simple moving average is $16.72 and its 200 day simple moving average is $19.20.

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 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 in the prior year, the business posted $0.35 EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. As a group, analysts forecast that Constellium SE will post 1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Finally, BMO Capital Markets decreased 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock 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.