25,120 Shares in Constellium SE (NYSE:CSTM) Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D bought a new position in shares of Constellium SE (NYSE:CSTM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,120 shares of the industrial products company’s stock, valued at approximately $258,000.

A number of other institutional investors have also recently added to or reduced their stakes in CSTM. Blue Trust Inc. raised its stake in shares of Constellium by 863.5% during 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 in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Constellium in the fourth quarter worth approximately $31,000. Quarry LP grew its position in Constellium by 45.3% during the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 2,273 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Constellium during the third quarter valued at $168,000. Finally, Point72 DIFC Ltd increased its holdings in shares of Constellium by 167.5% in the 3rd quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 7,580 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Constellium Stock Up 5.7 %

Shares of CSTM stock opened at $11.46 on Wednesday. The stock’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $12.70. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a twelve month low of $9.04 and a twelve month high of $23.20. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 35.80 and a beta of 1.68.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. As a group, research analysts predict that Constellium SE will post 1.1 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.