Globeflex Capital L P Invests $1.02 Million in Constellium SE $CSTM

Globeflex Capital L P acquired a new stake in shares of Constellium SE (NYSE:CSTM) during the second quarter, Holdings Channel reports. The institutional investor acquired 32,061 shares of the industrial products company’s stock, valued at approximately $1,022,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares during the period. Allworth Financial LP boosted its stake in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after buying an additional 714 shares during the last quarter. USA Financial Formulas boosted its position in Constellium by 94.9% in the 1st quarter. USA Financial Formulas now owns 2,253 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,097 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Constellium by 34.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after buying an additional 803 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Constellium by 53.7% during the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Trading Down 1.5%

Shares of Constellium stock opened at $26.63 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $29.83 and its 200-day simple moving average is $29.23. The stock has a market cap of $3.61 billion, a P/E ratio of 6.86 and a beta of 1.57. Constellium SE has a 1-year low of $13.58 and a 1-year high of $36.99.

Constellium (NYSE:CSTM) last posted 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 return on equity of 51.66% and a net margin of 5.69%.The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. Analysts predict that Constellium SE will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Constellium

In other news, SVP Marcus Becker sold 10,391 shares of Constellium stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $34.93, for a total transaction of $362,957.63. Following the transaction, the senior vice president owned 16,784 shares in the company, valued at $586,265.12. The trade was a 38.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Ormerod sold 8,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $35.01, for a total transaction of $280,080.00. Following the transaction, the director directly owned 24,873 shares in the company, valued at approximately $870,803.73. The trade was a 24.34% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSTM shares. Wells Fargo & Company lifted their price target on shares of Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a research note on Thursday, April 30th. UBS Group decreased their price objective on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of Constellium in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Constellium currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

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.