Constellium SE (NYSE:CSTM) Stock Holdings Lifted by Bank of Montreal Can

Bank of Montreal Can lifted its stake in Constellium SE (NYSE:CSTM - Free Report) by 156.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 306,945 shares of the industrial products company's stock after purchasing an additional 187,128 shares during the quarter. Bank of Montreal Can owned about 0.21% of Constellium worth $6,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. raised its stake in Constellium by 47.7% in the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company's stock valued at $77,877,000 after buying an additional 1,334,550 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Constellium by 0.9% during the second quarter. Rubric Capital Management LP now owns 3,662,895 shares of the industrial products company's stock worth $69,046,000 after purchasing an additional 32,548 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company's stock worth $63,339,000 after purchasing an additional 257,618 shares in the last quarter. Highland Peak Capital LLC increased its position in shares of Constellium by 14.1% during 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 purchasing an additional 234,756 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Constellium by 1.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,698,900 shares of the industrial products company's stock worth $37,563,000 after purchasing an additional 21,569 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Trading Up 1.2 %

Shares of NYSE CSTM traded up $0.19 during midday trading on Tuesday, hitting $16.45. The stock had a trading volume of 1,249,435 shares, compared to its average volume of 948,103. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.07 and a beta of 1.60. Constellium SE has a 1-year low of $14.12 and a 1-year high of $23.20. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The company has a fifty day moving average price of $16.40 and a 200 day moving average price of $19.04.

Constellium (NYSE:CSTM - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.35 EPS. The company's revenue was down 7.9% on a year-over-year basis. On average, analysts predict that Constellium SE will post 1.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets cut their target price on Constellium from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Constellium from $24.50 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price target on Constellium from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, July 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Constellium has an average rating of "Buy" and a consensus price target of $25.00.

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.