Strs Ohio Trims Position in Constellium SE (NYSE:CSTM)

Strs Ohio trimmed its holdings in Constellium SE (NYSE:CSTM) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,300 shares of the industrial products company’s stock after selling 1,900 shares during the period. Strs Ohio’s holdings in Constellium were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its holdings in shares of Constellium by 1.7% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $267,212,000 after buying an additional 251,829 shares during the last quarter. Jennison Associates LLC raised its holdings in Constellium by 2.5% during the third quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock worth $103,350,000 after purchasing an additional 136,338 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Constellium by 84.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,598,159 shares of the industrial products company’s stock worth $51,860,000 after purchasing an additional 1,192,105 shares in the last quarter. Highland Peak Capital LLC raised its holdings in Constellium by 28.4% during the third quarter. Highland Peak Capital LLC now owns 1,606,024 shares of the industrial products company’s stock worth $29,230,000 after purchasing an additional 355,375 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Constellium by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,244,695 shares of the industrial products company’s stock worth $22,653,000 after purchasing an additional 24,940 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CSTM shares. UBS Group started coverage on shares of Constellium in a report on Tuesday, January 16th. They set a “buy” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Benchmark reissued a “buy” rating and set a $24.00 price target on shares of Constellium in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Constellium from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $25.60.

Constellium Trading Up 0.9 %

Shares of CSTM opened at $21.31 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.10. The firm’s 50-day moving average is $20.54 and its two-hundred day moving average is $18.90. Constellium SE has a twelve month low of $13.40 and a twelve month high of $23.20. The firm has a market capitalization of $3.08 billion, a P/E ratio of 22.91 and a beta of 1.71.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.23). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. Constellium had a net margin of 1.73% and a return on equity of 16.86%. On average, research analysts predict that Constellium SE will post 1.9 earnings per share for the current fiscal year.

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.