Constellium SE $CSTM Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Constellium SE (NYSE:CSTM) by 14.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,730,112 shares of the industrial products company’s stock after acquiring an additional 214,987 shares during the quarter. Geode Capital Management LLC’s holdings in Constellium were worth $23,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CSTM. Envestnet Asset Management Inc. lifted its holdings in shares of Constellium by 10.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 65,563 shares of the industrial products company’s stock worth $662,000 after acquiring an additional 6,467 shares during the last quarter. CWM LLC raised its position in Constellium by 91.5% in the first quarter. CWM LLC now owns 6,842 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 3,269 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Constellium during the first quarter worth $38,000. XTX Topco Ltd purchased a new position in shares of Constellium during the first quarter worth $230,000. Finally, US Bancorp DE grew its stake in shares of Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after buying an additional 4,708 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CSTM. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Wells Fargo & Company increased their target price on shares of Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

Constellium Stock Up 1.6%

Shares of Constellium stock opened at $16.88 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29. Constellium SE has a 52-week low of $7.32 and a 52-week high of $18.01. The company has a market capitalization of $2.33 billion, a P/E ratio of 21.37 and a beta of 1.77. The company has a 50 day moving average of $15.63 and a 200 day moving average of $14.37.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. As a group, research analysts forecast that Constellium SE will post 1.1 EPS 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.