Constellium SE (NYSE:CSTM) Position Increased by Northern Trust Corp

Northern Trust Corp lifted its position in Constellium SE (NYSE:CSTM) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 913,228 shares of the industrial products company’s stock after acquiring an additional 23,789 shares during the period. Northern Trust Corp owned about 0.62% of Constellium worth $9,379,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in Constellium by 26.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,828,738 shares of the industrial products company’s stock worth $203,642,000 after acquiring an additional 4,181,823 shares during the period. Kailix Advisors LLC lifted its position in shares of Constellium by 25.6% in the fourth quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock worth $21,415,000 after purchasing an additional 424,779 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Constellium by 242.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock worth $15,636,000 after purchasing an additional 1,078,196 shares during the period. Victory Capital Management Inc. grew its position in Constellium by 15.1% during the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after purchasing an additional 124,140 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Constellium by 12.6% during the fourth quarter. JPMorgan Chase & Co. now owns 781,953 shares of the industrial products company’s stock valued at $8,031,000 after purchasing an additional 87,456 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Constellium Stock Performance

Shares of CSTM opened at $11.78 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 36.80 and a beta of 1.65. The company’s fifty day moving average is $10.18 and its 200-day moving average is $10.63. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.19. The business 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 firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. Equities analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium 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.