Brightline Capital Management LLC Grows Stock Position in Constellium SE $CSTM

Brightline Capital Management LLC raised its position in shares of Constellium SE (NYSE:CSTM) by 62.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625,000 shares of the industrial products company’s stock after purchasing an additional 625,000 shares during the quarter. Constellium accounts for about 9.9% of Brightline Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Brightline Capital Management LLC owned approximately 1.18% of Constellium worth $24,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSTM. Encompass Capital Advisors LLC raised its position in shares of Constellium by 59.7% during the 2nd quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock valued at $71,325,000 after purchasing an additional 2,005,216 shares during the period. Vanguard Group Inc. boosted its holdings 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 worth $49,090,000 after buying an additional 938,155 shares during the period. JPMorgan Chase & Co. increased its stake 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 buying an additional 236,264 shares in the last quarter. Soapstone Management L.P. raised its holdings in Constellium by 12.6% during the second quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock valued at $23,628,000 after acquiring an additional 199,360 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 valued at $23,008,000 after acquiring an additional 214,987 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellium

In other news, SVP Stephen Charles Walters sold 1,500 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marcus Becker sold 15,570 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $25.58, for a total transaction of $398,280.60. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 113,270 shares of company stock worth $2,966,408.

Constellium Trading Up 0.9%

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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wells Fargo & Company lifted their target price on Constellium from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellium from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Constellium from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Constellium presently has a consensus 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.