Constellium SE (NYSE:CSTM) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in Constellium SE (NYSE:CSTM) by 26.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,730 shares of the industrial products company’s stock after purchasing an additional 7,987 shares during the quarter. Legal & General Group Plc’s holdings in Constellium were worth $387,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CSTM. Quadrant Capital Group LLC increased its stake in Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock valued at $82,000 after buying an additional 1,645 shares during the period. Wells Fargo & Company MN raised its stake in Constellium by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 69,298 shares of the industrial products company’s stock valued at $712,000 after purchasing an additional 17,511 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Constellium during the 4th quarter valued at $4,980,000. Massachusetts Financial Services Co. MA increased its stake in shares of Constellium by 13.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 124,681 shares of the industrial products company’s stock worth $1,280,000 after acquiring an additional 15,038 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Constellium by 16.8% in the fourth quarter. Franklin Resources Inc. now owns 191,143 shares of the industrial products company’s stock worth $1,963,000 after acquiring an additional 27,486 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $10.22 on Thursday. The business’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $10.78. Constellium SE has a fifty-two week low of $7.33 and a fifty-two week high of $22.00. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 31.94 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. As a group, analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, February 25th.

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.