Principal Financial Group Inc. Purchases 364,423 Shares of Constellium SE (NYSE:CSTM)

Principal Financial Group Inc. increased its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 35.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,395,607 shares of the industrial products company's stock after purchasing an additional 364,423 shares during the quarter. Principal Financial Group Inc. owned approximately 0.97% of Constellium worth $22,693,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSTM. Victory Capital Management Inc. raised its stake in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company's stock worth $13,387,000 after purchasing an additional 111,390 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Constellium in the second quarter valued at approximately $3,567,000. Maverick Capital Ltd. acquired a new stake in Constellium in the third quarter valued at approximately $1,372,000. SG Americas Securities LLC acquired a new position in shares of Constellium during the 3rd quarter worth $683,000. Finally, Kailix Advisors LLC raised its holdings in shares of Constellium by 14.8% during the 3rd quarter. Kailix Advisors LLC now owns 1,660,408 shares of the industrial products company's stock valued at $26,998,000 after purchasing an additional 213,763 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Constellium Price Performance

CSTM stock traded up $0.02 during midday trading on Thursday, reaching $10.35. 1,024,550 shares of the company's stock traded hands, compared to its average volume of 1,104,279. 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 cap of $1.49 billion, a price-to-earnings ratio of 13.99 and a beta of 1.65. The company has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $15.28. Constellium SE has a 1-year low of $9.98 and a 1-year high of $23.20.

Constellium (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $0.47 EPS. The firm's revenue was down 4.7% compared to the same quarter last year. On average, analysts anticipate that Constellium SE will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CSTM shares. StockNews.com cut shares of Constellium from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. BMO Capital Markets reduced their target price on Constellium from $22.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded Constellium from a "buy" rating to a "hold" rating and lowered their price target for the company from $22.00 to $12.00 in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

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.