Knights of Columbus Asset Advisors LLC Takes $8.82 Million Position in Constellium SE (NYSE:CSTM)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Constellium SE (NYSE:CSTM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 441,667 shares of the industrial products company’s stock, valued at approximately $8,816,000. Knights of Columbus Asset Advisors LLC owned 0.31% of Constellium as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Constellium by 1.7% during the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $267,212,000 after acquiring an additional 251,829 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Constellium by 3.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 14,604,987 shares of the industrial products company’s stock worth $172,777,000 after purchasing an additional 446,722 shares in the last quarter. BlackRock Inc. boosted its stake in Constellium by 2.7% in the 3rd quarter. BlackRock Inc. now owns 10,822,523 shares of the industrial products company’s stock worth $109,742,000 after purchasing an additional 289,631 shares during the period. Jennison Associates LLC grew its holdings in Constellium by 2.5% during the 3rd quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock valued at $103,350,000 after buying an additional 136,338 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Constellium by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,355,241 shares of the industrial products company’s stock valued at $60,395,000 after buying an additional 392,614 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSTM. UBS Group initiated coverage on shares of Constellium in a research report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Benchmark reaffirmed a “buy” rating and issued a $24.00 price target on shares of Constellium in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Constellium from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $25.60.

Constellium Price Performance

Constellium stock traded up $0.14 during mid-day trading on Friday, hitting $20.75. 392,604 shares of the company traded hands, compared to its average volume of 701,032. The stock has a fifty day moving average price of $20.41 and a 200-day moving average price of $18.80. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 22.31 and a beta of 1.71. Constellium SE has a one year low of $13.40 and a one year high of $23.20. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.23). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. On average, equities analysts predict that Constellium SE will post 1.9 earnings per share for the current fiscal year.

Constellium 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.