Constellium SE $CSTM Shares Newly Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new position in shares of Constellium SE (NYSE:CSTM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 40,684 shares of the industrial products company’s stock, valued at approximately $984,000.

Several other hedge funds and other institutional investors have also modified their holdings of CSTM. Integrated Wealth Concepts LLC grew its stake in Constellium by 4.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,116 shares of the industrial products company’s stock valued at $322,000 after buying an additional 409 shares during the last quarter. GAMMA Investing LLC lifted its position 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 acquiring an additional 447 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position 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 acquiring an additional 499 shares during the last quarter. Summit Global Investments lifted its position 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 acquiring an additional 554 shares during the last quarter. Finally, Moran Wealth Management LLC lifted 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 last quarter. Institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other Constellium news, Director Jean-Christophe Deslarzes acquired 1,490 shares of the business’s stock in a transaction on 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 acquisition, the director directly owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. This trade represents a 3.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Zacks Research cut Constellium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. UBS Group lowered their target price on Constellium from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Constellium in a report on Monday, September 28th. Finally, Barclays initiated coverage on Constellium in a research note on Wednesday. They issued an “equal weight” rating and a $28.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Constellium Trading Down 0.1%

Shares of Constellium stock opened at $25.43 on Friday. The firm has a 50-day moving average of $26.40 and a 200-day moving average of $29.48. The stock has a market cap of $3.45 billion, a PE ratio of 6.55 and a beta of 1.57. Constellium SE has a 52-week low of $14.62 and a 52-week high of $36.99. 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 EPS 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $0.25 earnings per share. Constellium’s revenue was up 30.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Constellium SE will post 3.79 EPS 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.