American Century Companies Inc. Increases Position in Constellium SE $CSTM

American Century Companies Inc. increased its holdings in Constellium SE (NYSE:CSTM) by 57.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,171,848 shares of the industrial products company’s stock after purchasing an additional 428,247 shares during the quarter. American Century Companies Inc. owned 0.85% of Constellium worth $17,437,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSTM. Encompass Capital Advisors LLC increased its position in shares of Constellium by 59.7% in the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock valued at $71,325,000 after buying an additional 2,005,216 shares in the last quarter. Vanguard Group Inc. grew its stake in Constellium by 39.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,299,064 shares of the industrial products company’s stock valued at $49,090,000 after acquiring an additional 938,155 shares during the period. JPMorgan Chase & Co. increased its holdings in Constellium by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after acquiring an additional 236,264 shares in the last quarter. Soapstone Management L.P. increased its holdings in Constellium by 12.6% in the 2nd quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock worth $23,628,000 after acquiring an additional 199,360 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Constellium by 14.2% during the second quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock worth $23,008,000 after acquiring an additional 214,987 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Marcus Becker sold 15,570 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $25.58, for a total value of $398,280.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Isabelle Boccon-Gibod sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $25.77, for a total transaction of $257,700.00. Following the transaction, the director directly owned 23,000 shares of the company’s stock, valued at $592,710. The trade was a 30.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 113,270 shares of company stock worth $2,966,408.

Constellium Price Performance

Constellium stock opened at $25.43 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average price of $23.39 and a 200 day moving average price of $18.64. Constellium SE has a 12-month low of $7.32 and a 12-month high of $27.41. The stock has a market cap of $3.43 billion, a P/E ratio of 13.18 and a beta of 1.48.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm earned ($0.34) EPS. The business’s revenue was up 27.9% compared to the same quarter last year. Sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Constellium in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. increased their target price on Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Zacks Research upgraded Constellium from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $29.00.

Constellium 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.