132,303 Shares in Constellium SE $CSTM Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Constellium SE (NYSE:CSTM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 132,303 shares of the industrial products company’s stock, valued at approximately $1,969,000. Knights of Columbus Asset Advisors LLC owned approximately 0.10% of Constellium as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV bought a new stake in shares of Constellium during the 2nd quarter worth approximately $56,000. EMC Capital Management acquired a new position in Constellium during the second quarter valued at approximately $135,000. PharVision Advisers LLC bought a new stake in Constellium during the second quarter worth $147,000. Magnetar Financial LLC acquired a new stake in shares of Constellium in the 2nd quarter valued at $168,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,848 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Performance

NYSE:CSTM opened at $22.47 on Friday. The stock’s 50-day moving average is $19.60 and its 200-day moving average is $16.50. Constellium SE has a 1-year low of $7.32 and a 1-year high of $23.71. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The stock has a market cap of $3.10 billion, a P/E ratio of 28.44 and a beta of 1.52.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $0.02 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Equities research analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

CSTM has been the subject of a number of research analyst reports. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $25.00 target price on shares of Constellium in a report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.00.

About Constellium

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.