Constellium SE $CSTM Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in Constellium SE (NYSE:CSTM) by 244.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,696 shares of the industrial products company’s stock after purchasing an additional 24,615 shares during the period. Handelsbanken Fonder AB’s holdings in Constellium were worth $1,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CSTM. Ethic Inc. grew its position in Constellium by 1.6% in the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock worth $552,000 after buying an additional 456 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Constellium by 0.4% during the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock worth $2,511,000 after acquiring an additional 512 shares in the last quarter. Summit Global Investments boosted its stake in shares of Constellium by 1.7% during the 1st quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 554 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of Constellium by 6.7% in the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 692 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 714 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Down 6.3%

Constellium stock opened at $28.03 on Wednesday. The firm has a market cap of $3.80 billion, a PE ratio of 7.22 and a beta of 1.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43. The firm’s 50 day moving average price is $30.44 and its two-hundred day moving average price is $29.13. Constellium SE has a twelve month low of $13.58 and a twelve month high of $36.99.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Constellium had a net margin of 5.69% and a return on equity of 51.66%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, research analysts predict that Constellium SE will post 3.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of Constellium in a research note on Thursday, July 30th. Weiss Ratings cut shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company boosted their target price on shares of Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.80.

Insider Activity at Constellium

In other Constellium news, Director John Ormerod sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $35.01, for a total value of $280,080.00. Following the transaction, the director directly owned 24,873 shares of the company’s stock, valued at $870,803.73. This represents a 24.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jean-Christophe Deslarzes purchased 1,490 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $27.24 per share, with a total value of $40,587.60. Following the completion of the purchase, the director directly owned 43,515 shares in the company, valued at approximately $1,185,348.60. This represents a 3.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

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.