Constellium SE $CSTM Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in Constellium SE (NYSE:CSTM) by 232.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 743,601 shares of the industrial products company’s stock after acquiring an additional 519,869 shares during the period. American Century Companies Inc. owned 0.53% of Constellium worth $9,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in Constellium by 1,034.7% in the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 4,708 shares in the last quarter. KBC Group NV acquired a new stake in shares of Constellium in the second quarter valued at about $56,000. EMC Capital Management purchased a new position in shares of Constellium in the second quarter worth about $135,000. Ieq Capital LLC acquired a new position in Constellium during the first quarter worth about $157,000. Finally, Magnetar Financial LLC purchased a new stake in Constellium during the 2nd quarter valued at about $168,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Trading Up 1.0%

CSTM opened at $18.17 on Friday. Constellium SE has a 52 week low of $7.32 and a 52 week high of $18.33. 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 business has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $14.50. The firm has a market cap of $2.50 billion, a P/E ratio of 23.00 and a beta of 1.55.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a report on Monday. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Zacks Research raised shares of Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

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.