Victory Capital Management Inc. Acquires 124,140 Shares of Constellium SE (NYSE:CSTM)

Victory Capital Management Inc. increased its holdings in Constellium SE (NYSE:CSTM) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 947,430 shares of the industrial products company’s stock after purchasing an additional 124,140 shares during the quarter. Victory Capital Management Inc. owned approximately 0.65% of Constellium worth $9,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mountaineer Partners Management LLC boosted its stake in shares of Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock valued at $145,184,000 after purchasing an additional 8,428,150 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Constellium during the 4th quarter valued at about $5,856,000. FMR LLC boosted its position in shares of Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after purchasing an additional 484,011 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Constellium during the 3rd quarter valued at about $7,223,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Constellium during the 3rd quarter valued at about $6,248,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Constellium Stock Down 1.6 %

Shares of NYSE:CSTM opened at $11.86 on Friday. The business’s 50 day simple moving average is $10.40 and its two-hundred day simple moving average is $12.36. The firm has a market cap of $1.70 billion, a P/E ratio of 37.05 and a beta of 1.64. 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 52-week low of $9.04 and a 52-week 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 during the quarter, compared to the consensus estimate of $1.69 billion. As a group, research analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal 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.