Constellium SE $CSTM Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stake

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Constellium SE (NYSE:CSTM) by 51.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,700 shares of the industrial products company’s stock after purchasing an additional 24,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of Constellium worth $1,734,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CSTM. Integrated Wealth Concepts LLC boosted its holdings in shares of Constellium by 4.2% in the 2nd 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 during the last quarter. GAMMA Investing LLC increased its holdings in Constellium by 12.5% during the third quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock worth $97,000 after buying an additional 447 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in Constellium by 6.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 8,431 shares of the industrial products company’s stock worth $216,000 after buying an additional 499 shares during the last quarter. Summit Global Investments increased its holdings in Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after buying an additional 554 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in Constellium by 6.7% in 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 hedge funds and other institutional investors.

Constellium Price Performance

Shares of NYSE:CSTM opened at $23.02 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.48 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $3.10 billion, a PE ratio of 5.62 and a beta of 1.63. Constellium SE has a twelve month low of $14.62 and a twelve month high of $36.99. The company has a 50-day moving average price of $25.40 and a two-hundred day moving average price of $27.85.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.11. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. Constellium had a net margin of 5.73% and a return on equity of 49.04%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Equities analysts forecast that Constellium SE will post 3.78 EPS for the current year.

Insiders Place Their Bets

In other Constellium news, Director Jean-Christophe Deslarzes bought 1,800 shares of the stock in a transaction on Monday, November 2nd. The shares were acquired at an average price of $23.41 per share, with a total value of $42,138.00. Following the acquisition, the director directly owned 45,315 shares of the company’s stock, valued at $1,060,824.15. The trade was a 4.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSTM shares. UBS Group dropped their target price on shares of Constellium from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. raised Constellium from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $34.00 to $35.00 in a report on Thursday, October 29th. Finally, HSBC set a $35.00 target price on Constellium in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.29.

Constellium Company Profile

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

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium’s offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.