Allspring Global Investments Holdings LLC Boosts Stake in Constellium SE (NYSE:CSTM)

Allspring Global Investments Holdings LLC raised its holdings in Constellium SE (NYSE:CSTM) by 83.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,982 shares of the industrial products company’s stock after purchasing an additional 10,019 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Constellium were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in shares of Constellium by 32.3% in the 3rd quarter. Raymond James & Associates now owns 53,082 shares of the industrial products company’s stock valued at $966,000 after buying an additional 12,973 shares during the period. Bailard Inc. purchased a new stake in shares of Constellium in the 3rd quarter valued at $318,000. Mackenzie Financial Corp purchased a new stake in shares of Constellium in the 3rd quarter valued at $268,000. Strs Ohio purchased a new stake in shares of Constellium in the 3rd quarter valued at $1,004,000. Finally, Kailix Advisors LLC raised its holdings in shares of Constellium by 34.7% in the 3rd quarter. Kailix Advisors LLC now owns 1,171,215 shares of the industrial products company’s stock valued at $21,316,000 after buying an additional 301,500 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

CSTM has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $24.00 price objective on shares of Constellium in a report on Friday, April 19th. UBS Group assumed coverage on Constellium in a research note on Tuesday, January 16th. They set a “buy” rating and a $27.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $25.40.

Constellium Trading Up 1.9 %

CSTM opened at $20.37 on Friday. The business has a fifty day moving average price of $20.57 and a 200 day moving average price of $18.91. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.90 and a beta of 1.71. Constellium SE has a 12 month low of $13.40 and a 12 month high of $23.20. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.71 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. Sell-side analysts expect that Constellium SE will post 1.9 earnings per share for the current fiscal year.

Constellium Profile

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.