Constellium SE (NYSE:CSTM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Constellium SE (NYSE:CSTM) by 93.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,159 shares of the industrial products company’s stock after selling 1,303,448 shares during the period. Principal Financial Group Inc. owned about 0.06% of Constellium worth $946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kailix Advisors LLC lifted its stake in shares of Constellium by 14.8% during the 3rd quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company’s stock worth $26,998,000 after purchasing an additional 213,763 shares during the period. Entropy Technologies LP increased its stake in Constellium by 43.3% in the third quarter. Entropy Technologies LP now owns 40,927 shares of the industrial products company’s stock valued at $665,000 after purchasing an additional 12,369 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Constellium during the third quarter worth about $684,000. Victory Capital Management Inc. boosted its stake in Constellium by 15.6% in the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock worth $13,387,000 after buying an additional 111,390 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Constellium in the 3rd quarter valued at about $253,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Constellium currently has an average rating of “Moderate Buy” and an average price target of $20.25.

Constellium Price Performance

CSTM stock opened at $11.47 on Friday. The stock has a 50-day moving average price of $10.25 and a two-hundred day moving average price of $12.52. The company has a market cap of $1.68 billion, a PE ratio of 35.83 and a beta of 1.68. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 12-month low of $9.04 and a 12-month high of $23.20.

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

Constellium Company Profile

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.