Constellium SE $CSTM Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Constellium SE (NYSE:CSTM) by 14.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,730,112 shares of the industrial products company’s stock after buying an additional 214,987 shares during the quarter. Geode Capital Management LLC owned 1.24% of Constellium worth $23,008,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Millennium Management LLC grew its position in shares of Constellium by 65.8% in the first quarter. Millennium Management LLC now owns 4,115,439 shares of the industrial products company’s stock valued at $41,525,000 after purchasing an additional 1,633,561 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in Constellium by 133.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 46,868 shares of the industrial products company’s stock valued at $473,000 after buying an additional 26,817 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Constellium in the 2nd quarter worth about $482,000. Strs Ohio purchased a new stake in Constellium during the 1st quarter worth approximately $620,000. Finally, XTX Topco Ltd acquired a new position in shares of Constellium during the first quarter valued at approximately $230,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Constellium Stock Up 1.6%

NYSE CSTM opened at $16.88 on Friday. The business’s fifty day simple moving average is $15.63 and its 200-day simple moving average is $14.37. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29. The firm has a market cap of $2.33 billion, a PE ratio of 21.37 and a beta of 1.77. Constellium SE has a 52 week low of $7.32 and a 52 week high of $18.01.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.25. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Constellium had a net margin of 1.42% and a return on equity of 14.33%. Constellium’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. As a group, equities analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

About Constellium

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.