29,264 Shares in Constellium SE $CSTM Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new stake in shares of Constellium SE (NYSE:CSTM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 29,264 shares of the industrial products company’s stock, valued at approximately $719,000.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Constellium by 6,985.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Constellium by 52.5% during the 4th quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 714 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Constellium by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Constellium by 34.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 803 shares during the period. Finally, Quarry LP lifted its stake in shares of Constellium by 53.7% in the 3rd quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,960 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellium

In other news, SVP Philip Ryan Jurkovic sold 48,784 shares of Constellium stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $32.01, for a total value of $1,561,575.84. Following the sale, the senior vice president owned 172,149 shares in the company, valued at $5,510,489.49. This trade represents a 22.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Philippe Hoffmann sold 50,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $31.92, for a total transaction of $1,596,000.00. Following the sale, the insider directly owned 144,153 shares of the company’s stock, valued at $4,601,363.76. This represents a 25.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 195,153 shares of company stock valued at $6,369,312. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

CSTM has been the topic of several analyst reports. BMO Capital Markets set a $32.00 price target on shares of Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Wells Fargo & Company decreased their price objective on shares of Constellium from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.60.

Constellium Trading Up 3.1%

Shares of NYSE:CSTM opened at $29.39 on Thursday. Constellium SE has a 1 year low of $13.04 and a 1 year high of $36.99. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.51 and a beta of 1.55. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.39 and a quick ratio of 0.60. The business’s 50 day moving average price is $32.23 and its 200-day moving average price is $28.15.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts forecast that Constellium SE will post 3.41 earnings per share for the current fiscal year.

About Constellium

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.