Constellium SE $CSTM Shares Newly Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,684 shares of the industrial products company’s stock, valued at approximately $984,000.

Several other large investors have also recently bought and sold shares of the stock. Orion Capital Management LLC bought a new position in Constellium in the second quarter valued at approximately $32,000. POM Investment Strategies LLC bought a new stake in shares of Constellium during the 2nd quarter worth approximately $32,000. USA Financial Formulas bought a new stake in shares of Constellium during the 3rd quarter worth approximately $44,000. GAMMA Investing LLC raised its stake in shares of Constellium by 12.5% during the 3rd quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 447 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Constellium by 80.6% in the 2nd quarter. IFP Advisors Inc now owns 5,837 shares of the industrial products company’s stock valued at $186,000 after buying an additional 2,605 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Constellium Price Performance

Shares of NYSE CSTM opened at $25.43 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average price is $26.40 and its two-hundred day moving average price is $29.48. The company has a market cap of $3.45 billion, a PE ratio of 6.55 and a beta of 1.57. Constellium SE has a twelve month low of $14.62 and a twelve month high of $36.99.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Constellium had a return on equity of 51.66% and a net margin of 5.69%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the firm posted $0.25 earnings per share. The business’s revenue was up 30.7% on a year-over-year basis. On average, analysts predict that Constellium SE will post 3.79 EPS for the current year.

Insider Buying and Selling at Constellium

In other Constellium news, Director Jean-Christophe Deslarzes purchased 1,490 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $27.24 per share, for a total transaction of $40,587.60. Following the purchase, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Constellium from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Wall Street Zen downgraded shares of Constellium from a “strong-buy” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellium from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Constellium in a research note on Monday, September 28th. Finally, Barclays assumed coverage on shares of Constellium in a research note on Wednesday. They issued an “equal weight” rating and a $28.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Constellium Profile

Constellium SE (NYSE: CSTM) is a global manufacturer of advanced aluminum products and solutions. The company develops, engineers and produces aluminum rolled, extruded and shaped products for customers in the aerospace, automotive, packaging and industrial markets.

Its products include aluminum sheets, plates, coils, extrusions, structural components and automotive body systems. Constellium also supplies aluminum products used in beverage cans, bottles and other packaging applications, as well as components for aircraft structures, automotive vehicles, commercial transportation and industrial equipment.

Constellium serves customers through manufacturing and research operations across Europe, North America and Asia.