Creative Planning Has $1.01 Million Stake in Constellium SE (NYSE:CSTM)

Creative Planning raised its holdings in Constellium SE (NYSE:CSTM) by 16.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,368 shares of the industrial products company’s stock after buying an additional 8,755 shares during the period. Creative Planning’s holdings in Constellium were worth $1,014,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CSTM. Westwood Holdings Group Inc. grew its position in shares of Constellium by 12,970.1% in the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company’s stock valued at $61,839,000 after purchasing an additional 2,775,469 shares during the last quarter. Kailix Advisors LLC lifted its stake in shares of Constellium by 40.0% in the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock valued at $29,222,000 after acquiring an additional 413,605 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Constellium by 29.9% during the second quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company’s stock worth $22,127,000 after purchasing an additional 270,475 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake 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 valued at $63,339,000 after acquiring an additional 257,618 shares during the last quarter. Finally, Highland Peak Capital LLC lifted its holdings in shares of Constellium by 14.1% during the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company’s stock worth $35,860,000 after purchasing an additional 234,756 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Stock Performance

Shares of Constellium stock opened at $11.10 on Friday. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The firm has a market capitalization of $1.60 billion, a P/E ratio of 15.00 and a beta of 1.59. The business’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $17.89. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.38). The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. Constellium’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. As a group, analysts anticipate that Constellium SE will post 1.54 EPS for the current year.

Analysts Set New Price Targets

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

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.