Rhumbline Advisers Acquires 15,581 Shares of Constellium SE (NYSE:CSTM)

Rhumbline Advisers grew its position in Constellium SE (NYSE:CSTM) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,659 shares of the industrial products company’s stock after acquiring an additional 15,581 shares during the period. Rhumbline Advisers owned about 0.13% of Constellium worth $1,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Constellium by 16.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,311 shares of the industrial products company’s stock worth $352,000 after buying an additional 4,937 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Constellium in the 4th quarter valued at approximately $258,000. Handelsbanken Fonder AB raised its position in shares of Constellium by 9.7% in the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,500 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Constellium by 15.1% during the 4th 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Constellium during the 4th quarter valued at approximately $213,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Constellium Trading Up 0.4%

CSTM opened at $13.51 on Wednesday. The stock has a market cap of $1.93 billion, a PE ratio of 29.37 and a beta of 1.69. Constellium SE has a twelve month low of $7.33 and a twelve month high of $20.67. The company has a fifty day moving average of $11.16 and a 200-day moving average of $10.76. The company has a quick ratio of 0.53, a current ratio of 1.24 and a debt-to-equity ratio of 2.49.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.19. Constellium had a net margin of 0.92% and a return on equity of 7.74%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Constellium’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that Constellium SE will post 1.1 EPS for the current 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.