Empowered Funds LLC Boosts Holdings in Constellium SE $CSTM

Empowered Funds LLC grew its stake in Constellium SE (NYSE:CSTM) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610,041 shares of the industrial products company’s stock after purchasing an additional 32,035 shares during the quarter. Empowered Funds LLC’s holdings in Constellium were worth $8,114,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in Constellium by 65.8% in the 1st quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company’s stock worth $41,525,000 after buying an additional 1,633,561 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Constellium by 133.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 46,868 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 26,817 shares during the last quarter. Strs Ohio purchased a new position in shares of Constellium in the first quarter valued at approximately $620,000. Teacher Retirement System of Texas purchased a new position in shares of Constellium in the second quarter valued at approximately $482,000. Finally, Private Advisor Group LLC raised its stake in Constellium by 148.2% in the 1st quarter. Private Advisor Group LLC now owns 99,685 shares of the industrial products company’s stock valued at $1,006,000 after purchasing an additional 59,527 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Price Performance

Shares of CSTM stock opened at $14.89 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The company has a market capitalization of $2.05 billion, a PE ratio of 18.84 and a beta of 1.77. The firm’s 50-day moving average is $15.53 and its two-hundred day moving average is $14.14. Constellium SE has a 12 month low of $7.32 and a 12 month high of $18.01.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.25. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. Analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CSTM shares. Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research note on Thursday, November 13th. Wells Fargo & Company boosted their target price on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Constellium presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.