Constellium SE (NYSE:CSTM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Constellium SE (NYSE:CSTM - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,159 shares of the industrial products company's stock after selling 1,303,448 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of Constellium worth $946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC boosted its holdings in Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company's stock worth $145,184,000 after buying an additional 8,428,150 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Constellium in the fourth quarter worth approximately $5,856,000. FMR LLC boosted its stake in shares of Constellium by 3.4% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock worth $238,729,000 after acquiring an additional 484,011 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Constellium during the third quarter worth approximately $7,223,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Constellium in the 3rd quarter valued at $6,248,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded 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, February 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Remove Ads

Constellium Trading Down 3.8 %

Constellium stock traded down $0.45 during trading on Monday, reaching $11.38. 1,876,277 shares of the company were exchanged, compared to its average volume of 1,219,801. The stock's 50 day simple moving average is $10.31 and its two-hundred day simple moving average is $12.43. The company has a market capitalization of $1.63 billion, a P/E ratio of 35.55 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a 52-week low of $9.04 and a 52-week high of $23.20.

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

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.