Constellium SE (NYSE:CSTM) Stock Holdings Lowered by Strs Ohio

Strs Ohio reduced its position in Constellium SE (NYSE:CSTM) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 53,300 shares of the industrial products company’s stock after selling 1,900 shares during the quarter. Strs Ohio’s holdings in Constellium were worth $1,063,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd grew its position in Constellium by 12.2% during the third quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 716 shares in the last quarter. Highland Capital Management LLC purchased a new position in Constellium during the fourth quarter valued at approximately $201,000. Spire Wealth Management grew its position in Constellium by 11.2% during the third quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 1,042 shares in the last quarter. Teza Capital Management LLC purchased a new position in Constellium during the third quarter valued at approximately $206,000. Finally, Allspring Global Investments Holdings LLC grew its position in Constellium by 30.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,963 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 2,809 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

Shares of Constellium stock opened at $21.31 on Wednesday. The firm has a fifty day simple moving average of $20.54 and a 200-day simple moving average of $18.90. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10. Constellium SE has a 1-year low of $13.40 and a 1-year high of $23.20. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 22.91 and a beta of 1.71.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. On average, sell-side analysts expect that Constellium SE will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

CSTM has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $24.00 target price on shares of Constellium in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their target price on shares of Constellium from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, UBS Group initiated coverage on shares of Constellium in a research report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 target price for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium presently has an average rating of “Buy” and an average price target of $25.60.

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.