Beacon Investment Advisors LLC Boosts Stock Holdings in Constellium SE (NYSE:CSTM)

Beacon Investment Advisors LLC boosted its position in Constellium SE (NYSE:CSTM) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 311,179 shares of the industrial products company’s stock after buying an additional 5,046 shares during the quarter. Constellium makes up about 1.5% of Beacon Investment Advisors LLC’s holdings, making the stock its 15th largest position. Beacon Investment Advisors LLC owned about 0.21% of Constellium worth $3,196,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC lifted its stake in shares of Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock valued at $787,000 after buying an additional 1,989 shares in the last quarter. Mariner LLC bought a new stake in shares of Constellium during the 4th quarter valued at $107,000. Cohen & Steers Inc. purchased a new position in Constellium during the 4th quarter valued at about $2,012,000. Cooper Creek Partners Management LLC bought a new stake in shares of Constellium during the fourth quarter valued at about $4,966,000. Finally, LSV Asset Management bought a new position in shares of Constellium in the fourth quarter valued at approximately $1,918,000. 92.59% of the stock is currently owned by institutional investors.

Constellium Price Performance

Shares of CSTM stock opened at $8.59 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The business’s fifty day moving average is $10.20 and its 200 day moving average is $11.03. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 26.83 and a beta of 1.65. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00.

Constellium (NYSE:CSTM) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Research analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, February 25th.

Constellium Company 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.