T. Rowe Price Investment Management Inc. Raises Stock Holdings in Constellium SE (NYSE:CSTM)

T. Rowe Price Investment Management Inc. increased its holdings in Constellium SE (NYSE:CSTM - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,828,738 shares of the industrial products company's stock after purchasing an additional 4,181,823 shares during the period. T. Rowe Price Investment Management Inc. owned 13.51% of Constellium worth $203,642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSTM. Barclays PLC grew its position in shares of Constellium by 476.1% during the third quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock valued at $5,473,000 after purchasing an additional 278,149 shares in the last quarter. Franklin Resources Inc. increased its stake in Constellium by 19.5% in the 3rd quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock worth $2,661,000 after acquiring an additional 26,686 shares during the last quarter. Principal Financial Group Inc. increased its stake in Constellium by 35.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 364,423 shares during the last quarter. Rockingstone Advisors LLC boosted its position in shares of Constellium by 48.1% during the 4th quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company's stock valued at $2,577,000 after acquiring an additional 81,467 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Constellium by 41.7% in the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 17,515 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Tuesday, February 25th.

Constellium Trading Down 1.0 %

CSTM stock traded down $0.09 during midday trading on Friday, reaching $9.30. The company's stock had a trading volume of 1,505,356 shares, compared to its average volume of 1,353,747. Constellium SE has a 1 year low of $7.33 and a 1 year high of $22.00. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.06 and a beta of 1.65. The stock has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.85. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

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 for the quarter, missing analysts' consensus estimates of $0.13 by ($0.47). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities research analysts predict that Constellium SE will post 1.1 EPS for the current 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.