Allspring Global Investments Holdings LLC Raises Holdings in Constellium SE (NYSE:CSTM)

Allspring Global Investments Holdings LLC increased its position in Constellium SE (NYSE:CSTM) by 83.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,982 shares of the industrial products company’s stock after buying an additional 10,019 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Constellium were worth $439,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Covestor Ltd raised its position in shares of Constellium by 12.2% in the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock worth $119,000 after buying an additional 716 shares during the period. Spire Wealth Management raised its position in shares of Constellium by 11.2% in the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock worth $188,000 after buying an additional 1,042 shares during the period. Highland Capital Management LLC purchased a new position in shares of Constellium in the 4th quarter worth $201,000. Teza Capital Management LLC purchased a new position in shares of Constellium in the 3rd quarter worth $206,000. Finally, Mackenzie Financial Corp purchased a new position in Constellium in the third quarter valued at about $268,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group assumed coverage on Constellium in a research report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $24.00 price objective on shares of Constellium in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Constellium from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $25.40.

Constellium Stock Up 1.9 %

Shares of NYSE CSTM opened at $20.37 on Friday. Constellium SE has a 1 year low of $13.40 and a 1 year high of $23.20. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 21.90 and a beta of 1.71. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. The stock’s 50-day simple moving average is $20.57 and its 200-day simple moving average is $18.91.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). Constellium had a return on equity of 16.86% and a net margin of 1.73%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, equities analysts anticipate that Constellium SE will post 1.9 earnings per share 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.