Thrivent Financial for Lutherans Increases Stock Holdings in Constellium SE (NYSE:CSTM)

Thrivent Financial for Lutherans boosted its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 242.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,522,400 shares of the industrial products company's stock after acquiring an additional 1,078,196 shares during the quarter. Thrivent Financial for Lutherans owned 1.04% of Constellium worth $15,636,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Constellium by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company's stock valued at $9,730,000 after purchasing an additional 124,140 shares during the period. Maverick Capital Ltd. acquired a new stake in Constellium during the 3rd quarter worth approximately $1,372,000. State of Alaska Department of Revenue purchased a new position in Constellium in the 4th quarter valued at approximately $1,386,000. Barclays PLC grew its stake in shares of Constellium by 476.1% in the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock worth $5,473,000 after acquiring an additional 278,149 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Constellium by 41.7% during the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock worth $611,000 after acquiring an additional 17,515 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

Constellium Stock Down 3.0 %

Constellium stock traded down $0.34 during trading on Wednesday, reaching $10.94. The stock had a trading volume of 1,217,358 shares, compared to its average volume of 1,255,557. Constellium SE has a 52-week low of $9.04 and a 52-week high of $23.20. The business has a 50 day moving average price of $10.64 and a 200 day moving average price of $12.03. 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 stock has a market cap of $1.57 billion, a PE ratio of 34.17 and a beta of 1.64.

Constellium (NYSE:CSTM - Get Free Report) last released 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 analysts' expectations of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. On average, analysts predict that Constellium SE will post 1.1 EPS for the current year.

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.