27,630 Shares in Constellium SE $CSTM Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH bought a new stake in Constellium SE (NYSE:CSTM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,630 shares of the industrial products company’s stock, valued at approximately $411,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wyoming increased its stake in Constellium by 5.6% during the third quarter. State of Wyoming now owns 39,241 shares of the industrial products company’s stock worth $584,000 after purchasing an additional 2,097 shares during the period. Principal Financial Group Inc. purchased a new stake in Constellium in the third quarter valued at approximately $154,000. Knights of Columbus Asset Advisors LLC acquired a new stake in Constellium during the 3rd quarter worth $1,969,000. New York State Common Retirement Fund raised its stake in Constellium by 18.0% during the 3rd quarter. New York State Common Retirement Fund now owns 45,787 shares of the industrial products company’s stock valued at $681,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Constellium by 55.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 163,261 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 57,909 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CSTM. Wells Fargo & Company upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $25.00 in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $25.00 target price on shares of Constellium in a research report on Thursday, January 8th. Finally, Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.00.

Constellium Stock Performance

Shares of CSTM opened at $23.30 on Friday. Constellium SE has a one year low of $7.32 and a one year high of $25.49. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 29.49 and a beta of 1.51. The company has a 50-day moving average of $21.06 and a two-hundred day moving average of $17.24.

Constellium Company Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.