Constellium SE (NYSE:CSTM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Constellium SE (NYSE:CSTM) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,311 shares of the industrial products company’s stock after purchasing an additional 4,937 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Constellium were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSTM. Victory Capital Management Inc. boosted its holdings in Constellium by 15.6% during the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock worth $13,387,000 after buying an additional 111,390 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Constellium during the 3rd quarter worth $1,372,000. Principal Financial Group Inc. raised its position in shares of Constellium by 35.3% during the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after purchasing an additional 364,423 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Constellium during the fourth quarter valued at $1,386,000. Finally, Barclays PLC boosted its position in shares of Constellium by 476.1% in the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company’s stock valued at $5,473,000 after purchasing an additional 278,149 shares during the period. 92.59% of the stock is owned by institutional investors.

Constellium Stock Up 5.7 %

NYSE:CSTM opened at $11.46 on Wednesday. The business’s fifty day moving average price is $10.16 and its 200 day moving average price is $12.70. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 35.80 and a beta of 1.68. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 1-year low of $9.04 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last issued its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, sell-side analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Constellium has an average rating of “Moderate Buy” and an average target price of $20.25.

Constellium Company 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.