Creative Planning Sells 74,967 Shares of Constellium SE $CSTM

Creative Planning lessened its holdings in shares of Constellium SE (NYSE:CSTM) by 36.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,330 shares of the industrial products company’s stock after selling 74,967 shares during the quarter. Creative Planning owned about 0.09% of Constellium worth $1,760,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Constellium by 10.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 65,563 shares of the industrial products company’s stock valued at $662,000 after buying an additional 6,467 shares in the last quarter. Cerity Partners LLC bought a new stake in Constellium during the 1st quarter valued at $146,000. CWM LLC raised its holdings in Constellium by 91.5% during the 1st quarter. CWM LLC now owns 6,842 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 3,269 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Constellium during the first quarter worth $38,000. Finally, XTX Topco Ltd bought a new position in shares of Constellium in the first quarter worth $230,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

CSTM has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price target on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

Constellium Stock Performance

NYSE CSTM opened at $16.58 on Thursday. Constellium SE has a 52-week low of $7.32 and a 52-week high of $18.01. The company has a fifty day moving average of $15.60 and a 200-day moving average of $14.30. The company has a market capitalization of $2.28 billion, a P/E ratio of 20.99 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, 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.