Franklin Resources Inc. Purchases 27,486 Shares of Constellium SE (NYSE:CSTM)

Franklin Resources Inc. increased its position in Constellium SE (NYSE:CSTM) by 16.8% in the 4th quarter, HoldingsChannel reports. The fund owned 191,143 shares of the industrial products company’s stock after buying an additional 27,486 shares during the quarter. Franklin Resources Inc.’s holdings in Constellium were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CSTM. Kailix Advisors LLC raised its stake in Constellium by 25.6% during the 4th quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company’s stock valued at $21,415,000 after purchasing an additional 424,779 shares during the period. Thrivent Financial for Lutherans raised its stake in Constellium by 242.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company’s stock valued at $15,636,000 after purchasing an additional 1,078,196 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Constellium by 35.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after acquiring an additional 364,423 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Constellium by 15.1% in the 4th quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock worth $9,730,000 after purchasing an additional 124,140 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Constellium by 12.6% during the fourth quarter. JPMorgan Chase & Co. now owns 781,953 shares of the industrial products company’s stock worth $8,031,000 after buying an additional 87,456 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Price Performance

Shares of CSTM stock opened at $8.09 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $11.30. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.28 and a beta of 1.65. Constellium SE has a twelve month low of $7.33 and a twelve month high of $22.00.

Constellium (NYSE:CSTM) last posted 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). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. On average, analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Constellium currently 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.