Thrivent Financial for Lutherans Acquires Shares of 444,204 Constellium SE (NYSE:CSTM)

Thrivent Financial for Lutherans acquired a new stake in Constellium SE (NYSE:CSTM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 444,204 shares of the industrial products company's stock, valued at approximately $7,223,000. Thrivent Financial for Lutherans owned about 0.31% of Constellium as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its stake in 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 buying an additional 257,618 shares during the period. Vanguard Group Inc. boosted its stake in Constellium by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company's stock worth $34,490,000 after acquiring an additional 145,604 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Constellium by 15.6% in the third quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company's stock worth $13,387,000 after purchasing an additional 111,390 shares during the period. Lazard Asset Management LLC bought a new stake in Constellium in the first quarter valued at $1,106,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Constellium during the second quarter valued at about $3,567,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Constellium Stock Up 2.3 %

Shares of NYSE CSTM traded up $0.28 during trading on Friday, hitting $12.29. The stock had a trading volume of 885,608 shares, compared to its average volume of 1,720,647. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm has a fifty day moving average of $13.80 and a two-hundred day moving average of $16.92. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20. The company has a market capitalization of $1.77 billion, a PE ratio of 16.62 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter last year, the business posted $0.47 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Constellium SE will post 0.71 EPS for the current fiscal 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.