Navellier & Associates Inc. Has $4.41 Million Stock Position in Constellium SE $CSTM

Navellier & Associates Inc. increased its holdings in shares of Constellium SE (NYSE:CSTM) by 49.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,449 shares of the industrial products company’s stock after purchasing an additional 45,787 shares during the quarter. Navellier & Associates Inc. owned approximately 0.10% of Constellium worth $4,412,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Constellium by 5.3% during the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 3,629 shares in the last quarter. AQR Capital Management LLC lifted its stake in Constellium by 354.0% in the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company’s stock valued at $924,000 after acquiring an additional 71,396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Constellium by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 3,393 shares during the period. Prudential Financial Inc. bought a new position in shares of Constellium in the 2nd quarter valued at about $218,000. Finally, Norges Bank acquired a new position in shares of Constellium during the 2nd quarter worth about $1,499,000. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In other news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $27.24 per share, with a total value of $40,587.60. Following the acquisition, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. This trade represents a 3.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Ormerod sold 8,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $35.01, for a total value of $280,080.00. Following the completion of the sale, the director owned 24,873 shares of the company’s stock, valued at $870,803.73. This trade represents a 24.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by company insiders.

Constellium Stock Down 1.5%

Shares of CSTM opened at $27.00 on Friday. Constellium SE has a 52 week low of $13.58 and a 52 week high of $36.99. The firm has a market cap of $3.66 billion, a P/E ratio of 6.96 and a beta of 1.57. The firm’s 50-day simple moving average is $29.28 and its 200 day simple moving average is $29.28. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 30.7% on a year-over-year basis. On average, analysts forecast that Constellium SE will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. UBS Group dropped their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company raised their price objective on Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Constellium in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.80.

Constellium Company Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.