Savant Capital LLC Purchases Shares of 19,095 Constellium SE $CSTM

Savant Capital LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,095 shares of the industrial products company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CSTM. Westwood Holdings Group Inc. increased its position in shares of Constellium by 12.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,518,601 shares of the industrial products company’s stock worth $65,773,000 after purchasing an additional 708,412 shares in the last quarter. Millennium Management LLC grew its stake in Constellium by 65.8% during the first 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. Encompass Capital Advisors LLC increased its holdings in shares of Constellium by 82.6% during the first quarter. Encompass Capital Advisors LLC now owns 3,357,544 shares of the industrial products company’s stock worth $33,878,000 after buying an additional 1,519,220 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Constellium during the first quarter worth approximately $19,630,000. Finally, Bridgeway Capital Management LLC raised its stake in shares of Constellium by 1.4% in the first quarter. Bridgeway Capital Management LLC now owns 850,506 shares of the industrial products company’s stock valued at $8,582,000 after acquiring an additional 11,618 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $14.89 on Thursday. The stock has a market capitalization of $2.05 billion, a P/E ratio of 18.84 and a beta of 1.77. Constellium SE has a 1-year low of $7.32 and a 1-year high of $18.01. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The business has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $14.14.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.37 by $0.25. The company 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%. Constellium’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 EPS. Equities analysts predict that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CSTM shares. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a report on Thursday, November 13th. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lifted 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. Finally, Wells Fargo & Company increased their price objective on shares of Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.