State of New Jersey Common Pension Fund D Purchases Shares of 25,120 Constellium SE (NYSE:CSTM)

State of New Jersey Common Pension Fund D purchased a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,120 shares of the industrial products company's stock, valued at approximately $258,000.

A number of other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in Constellium by 4.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company's stock valued at $407,000 after buying an additional 1,079 shares during the period. Quantinno Capital Management LP increased its stake in Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company's stock valued at $226,000 after buying an additional 1,162 shares during the period. Blue Trust Inc. increased its stake in Constellium by 863.5% in the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock valued at $32,000 after buying an additional 1,753 shares during the period. Quarry LP increased its stake in Constellium by 45.3% in the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company's stock valued at $119,000 after buying an additional 2,273 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Constellium in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Stock Down 1.6 %

CSTM stock traded down $0.19 during trading hours on Friday, hitting $11.38. The company's stock had a trading volume of 1,674,765 shares, compared to its average volume of 1,440,966. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.67 billion, a PE ratio of 35.57 and a beta of 1.68. Constellium SE has a 12 month low of $9.04 and a 12 month high of $23.20. The stock has a 50 day moving average price of $10.22 and a two-hundred day moving average price of $12.68.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.47). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. On average, equities research analysts expect that Constellium SE will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

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

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.