Globeflex Capital L P Invests $635,000 in Constellium SE $CSTM

Globeflex Capital L P acquired a new stake in Constellium SE (NYSE:CSTM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,838 shares of the industrial products company’s stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its holdings 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 grew 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 purchasing an additional 71,396 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Constellium by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 3,393 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Constellium during the 2nd quarter worth approximately $218,000. Finally, Norges Bank bought a new stake in shares of Constellium during the 2nd quarter worth approximately $1,499,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of NYSE CSTM opened at $29.39 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. Constellium SE has a 12 month low of $13.04 and a 12 month high of $36.99. The stock has a 50 day moving average of $32.23 and a 200-day moving average of $28.15. The company has a market capitalization of $4.00 billion, a P/E ratio of 9.51 and a beta of 1.55.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the firm earned $0.26 EPS. The firm’s revenue was up 24.4% compared to the same quarter last year. As a group, equities research analysts predict that Constellium SE will post 3.41 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Constellium from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Weiss Ratings cut shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. Finally, BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Constellium has a consensus rating of “Moderate Buy” and an average target price of $35.60.

Insider Activity

In other Constellium news, SVP Philip Ryan Jurkovic sold 48,784 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $32.01, for a total value of $1,561,575.84. Following the transaction, the senior vice president directly owned 172,149 shares in the company, valued at $5,510,489.49. The trade was a 22.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jack Q. Guo sold 25,201 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.62, for a total transaction of $822,056.62. Following the completion of the transaction, the chief financial officer directly owned 185,368 shares in the company, valued at $6,046,704.16. The trade was a 11.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 195,153 shares of company stock valued at $6,369,312. 1.20% of the stock is owned by company insiders.

Constellium 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.