Principal Financial Group Inc. Boosts Stake in Constellium SE (NYSE:CSTM)

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

A number of other large investors also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. increased its stake in shares of Constellium by 12,970.1% during the first quarter. Westwood Holdings Group Inc. now owns 2,796,868 shares of the industrial products company's stock worth $61,839,000 after purchasing an additional 2,775,469 shares in the last quarter. Kailix Advisors LLC increased its stake in Constellium by 40.0% during the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company's stock worth $29,222,000 after buying an additional 413,605 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Constellium by 29.9% during the second quarter. Millennium Management LLC now owns 1,173,840 shares of the industrial products company's stock valued at $22,127,000 after acquiring an additional 270,475 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Constellium by 8.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company's stock valued at $63,339,000 after acquiring an additional 257,618 shares in the last quarter. Finally, Highland Peak Capital LLC boosted its stake in shares of Constellium by 14.1% in the second quarter. Highland Peak Capital LLC now owns 1,902,378 shares of the industrial products company's stock worth $35,860,000 after acquiring an additional 234,756 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Constellium Trading Down 3.0 %

Constellium stock traded down $0.35 during midday trading on Thursday, hitting $11.33. 704,695 shares of the stock were exchanged, compared to its average volume of 1,103,782. 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's 50-day simple moving average is $14.37 and its 200 day simple moving average is $17.25. Constellium SE has a fifty-two week low of $10.49 and a fifty-two week high of $23.20. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.78 and a beta of 1.65.

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

About Constellium

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.