Constellium SE $CSTM Stock Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Constellium SE (NYSE:CSTM) by 56.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,487 shares of the industrial products company’s stock after purchasing an additional 72,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in Constellium were worth $4,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSTM. Integrated Wealth Concepts LLC lifted its holdings in shares of Constellium by 4.2% during the second quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock worth $322,000 after buying an additional 409 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Constellium by 12.5% in the third quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 447 shares during the period. NorthCrest Asset Manangement LLC grew its stake in shares of Constellium by 6.3% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,431 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 499 shares in the last quarter. Summit Global Investments grew its stake in shares of Constellium by 1.7% in the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after acquiring an additional 554 shares in the last quarter. Finally, Moran Wealth Management LLC increased its position in Constellium by 6.7% during the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 692 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Zacks Research cut shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Wall Street Zen lowered shares of Constellium from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Barclays started coverage on shares of Constellium in a report on Wednesday. They set an “equal weight” rating and a $28.00 target price on the stock. UBS Group dropped their price target on shares of Constellium from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Constellium from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.33.

Insider Activity at Constellium

In related news, Director Jean-Christophe Deslarzes bought 1,490 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the acquisition, the director owned 43,515 shares of the company’s stock, valued at $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Constellium Price Performance

Shares of CSTM stock traded down $0.04 during trading hours on Friday, reaching $25.43. The company’s stock had a trading volume of 1,170,336 shares, compared to its average volume of 1,605,416. The firm’s 50 day simple moving average is $26.40 and its 200-day simple moving average is $29.48. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 6.55 and a beta of 1.57. Constellium SE has a fifty-two week low of $14.62 and a fifty-two week high of $36.99. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50.

Constellium (NYSE:CSTM) last released its quarterly earnings data 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 return on equity of 51.66% and a net margin of 5.69%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the firm posted $0.25 earnings per share. Constellium’s revenue was up 30.7% compared to the same quarter last year. Sell-side analysts forecast that Constellium SE will post 3.79 earnings per share for the current year.

About Constellium

Constellium SE (NYSE: CSTM) is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.