LGT Fund Management Co Ltd. Buys Shares of 164,700 Constellium SE $CSTM

LGT Fund Management Co Ltd. purchased a new position in Constellium SE (NYSE:CSTM) during the 1st quarter, HoldingsChannel reports. The firm purchased 164,700 shares of the industrial products company’s stock, valued at approximately $4,048,000.

A number of other large investors also recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in Constellium by 6,985.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,467 shares during the period. Allworth Financial LP grew its position in Constellium by 52.5% in the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the last quarter. GAMMA Investing LLC grew its position in Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 707 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Constellium by 34.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 803 shares during the period. Finally, Quarry LP raised its position in shares of Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,960 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Price Performance

Shares of Constellium stock traded down $0.34 during midday trading on Friday, hitting $29.30. 1,356,244 shares of the company were exchanged, compared to its average volume of 1,769,849. The firm has a 50 day simple moving average of $32.98 and a 200-day simple moving average of $27.54. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The firm has a market cap of $3.99 billion, a P/E ratio of 9.48 and a beta of 1.55. Constellium SE has a 52 week low of $13.04 and a 52 week high of $36.99.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.80. Constellium had a return on equity of 46.22% and a net margin of 4.87%.The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Research analysts forecast that Constellium SE will post 3.34 earnings per share for the current year.

Analysts Set New Price Targets

CSTM has been the topic of a number of recent research reports. UBS Group decreased their target price on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research downgraded Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wells Fargo & Company lowered their price objective on Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.60.

Insider Activity

In related news, SVP Ludovic Piquier sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $33.57, for a total transaction of $33,570.00. Following the completion of the sale, the senior vice president directly owned 241,713 shares of the company’s stock, valued at $8,114,305.41. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Marcus Becker sold 10,391 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $34.93, for a total value of $362,957.63. Following the completion of the transaction, the senior vice president directly owned 16,784 shares in the company, valued at approximately $586,265.12. This represents a 38.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 195,153 shares of company stock valued at $6,369,312. Corporate insiders own 1.20% of the company’s stock.

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.