Hillsdale Investment Management Inc. acquired a new position in shares of Constellium SE (NYSE:CSTM – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 316,700 shares of the industrial products company’s stock, valued at approximately $7,784,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSTM. JPMorgan Chase & Co. increased its position in shares of Constellium by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after purchasing an additional 236,264 shares during the last quarter. LSV Asset Management lifted its position in Constellium by 33.2% in the fourth quarter. LSV Asset Management now owns 248,800 shares of the industrial products company’s stock worth $4,690,000 after buying an additional 62,000 shares during the last quarter. Danske Bank A S purchased a new position in Constellium during the fourth quarter worth $8,239,000. Algert Global LLC boosted its stake in Constellium by 71.8% during the third quarter. Algert Global LLC now owns 595,676 shares of the industrial products company’s stock worth $8,864,000 after buying an additional 249,020 shares during the period. Finally, Penn Capital Management Company LLC purchased a new position in Constellium during the fourth quarter worth $6,900,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CSTM has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. UBS Group dropped their price target on shares of Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 price target on shares of Constellium in a report on Thursday, April 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. Finally, BMO Capital Markets set a $32.00 target price on Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Constellium has an average rating of “Moderate Buy” and a consensus price target of $35.60.
Insider Buying and Selling
In other news, SVP Marcus Becker sold 10,391 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $34.93, for a total transaction of $362,957.63. Following the transaction, the senior vice president directly owned 16,784 shares of the company’s stock, valued at approximately $586,265.12. This trade represents a 38.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bradley Lee Soultz purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $33.84 per share, with a total value of $84,600.00. Following the purchase, the director directly owned 2,500 shares of the company’s stock, valued at approximately $84,600. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 195,153 shares of company stock worth $6,369,312 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Constellium Stock Down 1.6%
NYSE:CSTM opened at $28.82 on Tuesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 9.33 and a beta of 1.55. Constellium SE has a twelve month low of $13.04 and a twelve month high of $36.99. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $32.93 and a 200-day simple moving average of $27.67.
Constellium (NYSE:CSTM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Analysts anticipate that Constellium SE will post 3.34 EPS for the current year.
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.
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