Constellium SE (NYSE:CSTM) Stock Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. cut its position in Constellium SE (NYSE:CSTM) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 589,276 shares of the industrial products company’s stock after selling 30,400 shares during the quarter. Federated Hermes Inc.’s holdings in Constellium were worth $11,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Constellium by 83.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,982 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 10,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Constellium by 84.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock valued at $51,860,000 after purchasing an additional 1,192,105 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Constellium by 4.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,004 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 2,659 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Constellium during the 4th quarter worth about $2,024,000. Finally, Highland Capital Management LLC bought a new stake in shares of Constellium during the 4th quarter worth about $201,000. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CSTM. Deutsche Bank Aktiengesellschaft boosted their price target 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. Benchmark restated a “buy” rating and set a $24.00 price target on shares of Constellium in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target 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. Finally, UBS Group began coverage on shares of Constellium in a research report on Tuesday, January 16th. They set a “buy” rating and a $27.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Constellium currently has an average rating of “Buy” and a consensus price target of $25.60.

Constellium Stock Performance

Shares of CSTM opened at $21.31 on Wednesday. The firm’s 50 day moving average is $20.54 and its 200-day moving average is $18.90. The stock has a market capitalization of $3.08 billion, a P/E ratio of 22.91 and a beta of 1.71. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.31 and a quick ratio of 0.52. Constellium SE has a 12-month low of $13.40 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.23). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. Equities research analysts anticipate that Constellium SE will post 1.9 EPS for the current fiscal year.

Constellium Company Profile

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.