Globeflex Capital L P Purchases Shares of 32,061 Constellium SE $CSTM

Globeflex Capital L P acquired a new stake in shares of Constellium SE (NYSE:CSTM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,061 shares of the industrial products company’s stock, valued at approximately $1,022,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ethic Inc. increased its stake in Constellium by 1.6% in the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock worth $552,000 after buying an additional 456 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Constellium by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 512 shares during the last quarter. Summit Global Investments grew its position in shares of Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock valued at $831,000 after purchasing an additional 554 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of Constellium by 6.7% in the first quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 692 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after buying an additional 714 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $39.00 price target on Constellium in a research note on Thursday, July 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $34.00 price target (up from $30.00) on shares of Constellium in a report on Thursday, April 30th. Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wells Fargo & Company raised their target price on shares of Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, UBS Group cut their price target on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Constellium Trading Down 1.5%

Shares of NYSE CSTM opened at $26.63 on Tuesday. Constellium SE has a 1-year low of $13.58 and a 1-year high of $36.99. The business has a fifty day moving average price of $29.83 and a 200 day moving average price of $29.23. The stock has a market capitalization of $3.61 billion, a P/E ratio of 6.86 and a beta of 1.57. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.61.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Equities research analysts expect that Constellium SE will post 3.7 EPS for the current fiscal year.

Insider Activity at Constellium

In other news, SVP Marcus Becker sold 10,391 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $34.93, for a total transaction of $362,957.63. Following the completion of the sale, the senior vice president owned 16,784 shares in the company, valued at approximately $586,265.12. This represents a 38.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jean-Christophe Deslarzes bought 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 completion of the purchase, the director owned 43,515 shares in the company, valued at $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by corporate insiders.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.