Lawson Kroeker Investment Management Inc. NE Reduces Stock Position in Constellium SE $CSTM

Lawson Kroeker Investment Management Inc. NE cut its holdings in Constellium SE (NYSE:CSTM) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,870 shares of the industrial products company’s stock after selling 2,000 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in Constellium were worth $982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSTM. KLP Kapitalforvaltning AS purchased a new stake in shares of Constellium during the second quarter worth $354,000. 111 Capital raised its stake in shares of Constellium by 50.5% during the 2nd quarter. 111 Capital now owns 19,210 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 6,442 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Constellium by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock worth $582,000 after purchasing an additional 1,659 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Constellium in the 2nd quarter worth about $308,000. Finally, Rhumbline Advisers grew its holdings in Constellium by 9.1% during the 1st quarter. Rhumbline Advisers now owns 186,659 shares of the industrial products company’s stock valued at $1,883,000 after buying an additional 15,581 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSTM. Wall Street Zen cut Constellium from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered Constellium from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Constellium in a research report on Wednesday. Finally, Wells Fargo & Company assumed coverage on shares of Constellium in a research report on Wednesday. They issued an “equal weight” rating and a $16.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Constellium has a consensus rating of “Hold” and a consensus target price of $16.33.

Constellium Stock Down 4.0%

Shares of NYSE CSTM opened at $14.40 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 75.77 and a beta of 1.71. Constellium SE has a one year low of $7.32 and a one year high of $16.49. The firm’s 50 day simple moving average is $14.56 and its two-hundred day simple moving average is $12.80. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.23 and a quick ratio of 0.53.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Constellium had a return on equity of 3.43% and a net margin of 0.37%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. As a group, analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.