Principal Financial Group Inc. Buys 7,276 Shares of Constellium SE (NYSE:CSTM)

Principal Financial Group Inc. grew its holdings in Constellium SE (NYSE:CSTM) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,435 shares of the industrial products company’s stock after acquiring an additional 7,276 shares during the quarter. Principal Financial Group Inc. owned 0.07% of Constellium worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CSTM. Allspring Global Investments Holdings LLC lifted its position in Constellium by 51.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 51,966 shares of the industrial products company’s stock worth $526,000 after purchasing an additional 17,655 shares during the period. Highland Capital Management LLC acquired a new position in Constellium during the first quarter worth $257,000. SummerHaven Investment Management LLC raised its stake in Constellium by 3.6% during the first quarter. SummerHaven Investment Management LLC now owns 42,132 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 1,448 shares in the last quarter. Rockingstone Advisors LLC increased its stake in shares of Constellium by 11.4% in the first quarter. Rockingstone Advisors LLC now owns 279,562 shares of the industrial products company’s stock valued at $2,821,000 after buying an additional 28,645 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Constellium by 613.4% in the first quarter. SG Americas Securities LLC now owns 424,649 shares of the industrial products company’s stock valued at $4,285,000 after buying an additional 365,128 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Constellium Stock Performance

Shares of NYSE:CSTM opened at $13.57 on Friday. Constellium SE has a twelve month low of $7.33 and a twelve month high of $18.98. The firm has a market cap of $1.94 billion, a PE ratio of 29.50 and a beta of 1.69. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24. The business has a fifty day moving average of $13.11 and a 200-day moving average of $11.19.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Constellium had a return on equity of 7.74% and a net margin of 0.92%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. On average, equities research analysts predict 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.