Vaughan Nelson Investment Management L.P. Has $63.34 Million Stake in Constellium SE (NYSE:CSTM)

Vaughan Nelson Investment Management L.P. raised its position in shares of Constellium SE (NYSE:CSTM) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,360,198 shares of the industrial products company’s stock after purchasing an additional 257,618 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 2.33% of Constellium worth $63,339,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CSTM. CWM LLC boosted its holdings in shares of Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Constellium during the second quarter valued at $195,000. BOKF NA increased its position in Constellium by 87.6% in the 1st quarter. BOKF NA now owns 8,964 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 4,186 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Constellium during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

CSTM stock remained flat at $16.04 during midday trading on Friday. The company’s stock had a trading volume of 542,006 shares, compared to its average volume of 953,451. Constellium SE has a one year low of $14.12 and a one year high of $23.20. The company has a market cap of $2.31 billion, a PE ratio of 17.82 and a beta of 1.60. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The firm’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $19.67.

Constellium (NYSE:CSTM) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. Constellium’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. Equities research analysts forecast that Constellium SE will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several recent research reports. BMO Capital Markets lowered their price target on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Constellium has an average rating of “Buy” and an average target price of $25.00.

Constellium 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.