47,300 Shares in Constellium SE $CSTM Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Constellium SE (NYSE:CSTM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 47,300 shares of the industrial products company’s stock, valued at approximately $1,507,000.

Other institutional investors have also made changes to their positions in the company. Ethic Inc. lifted its position in shares of Constellium by 1.6% in the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 456 shares in the last quarter. Mackenzie Financial Corp grew its position in 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 purchasing an additional 512 shares in the last quarter. Summit Global Investments grew its position in 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 purchasing an additional 554 shares in the last quarter. Moran Wealth Management LLC raised its stake in Constellium by 6.7% during the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 692 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Constellium by 52.5% in the fourth 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. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $39.00 target price on Constellium in a research report on Thursday, July 30th. Zacks Research raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Wells Fargo & Company increased their price objective on Constellium from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings lowered Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Finally, UBS Group lowered their target price on Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

Constellium Trading Up 0.9%

Shares of NYSE:CSTM opened at $26.21 on Friday. The firm has a fifty day moving average of $28.27 and a two-hundred day moving average of $29.43. The firm has a market capitalization of $3.55 billion, a P/E ratio of 6.76 and a beta of 1.55. Constellium SE has a 12-month low of $14.39 and a 12-month high of $36.99. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 1.50.

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

Insider Transactions at Constellium

In other news, Director Jean-Christophe Deslarzes acquired 1,490 shares of Constellium stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $27.24 per share, with a total value of $40,587.60. Following the completion of the transaction, the director owned 43,515 shares in the company, valued at approximately $1,185,348.60. This trade represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Constellium Profile

Constellium SE is a global manufacturer of value-added aluminum products and solutions. The company produces rolled, extruded and other fabricated aluminum products used in transportation, aerospace, automotive, packaging and industrial applications.

Its offerings include aluminum sheets, plates, coils, extrusions and structural components, as well as beverage can materials, foil stock, automotive body and structural parts, and aerospace components. Constellium also operates recycling activities that support the reuse of aluminum and the production of lower-carbon materials.

Constellium serves customers through manufacturing and engineering operations in North America, Europe and other international markets.