Vaughan Nelson Investment Management L.P. Decreases Stake in Constellium SE (NYSE:CSTM)

Vaughan Nelson Investment Management L.P. decreased its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 64.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,207,402 shares of the industrial products company's stock after selling 2,152,796 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.84% of Constellium worth $19,633,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CWM LLC increased its position in Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company's stock worth $28,000 after purchasing an additional 676 shares in the last quarter. Blue Trust Inc. raised its position in shares of Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock valued at $32,000 after buying an additional 1,753 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Constellium during the second quarter worth approximately $85,000. Quarry LP grew its stake in Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock worth $95,000 after acquiring an additional 3,735 shares during the period. Finally, Signaturefd LLC raised its holdings in Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock valued at $127,000 after acquiring an additional 933 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Constellium Trading Up 2.1 %

CSTM stock traded up $0.24 during midday trading on Monday, reaching $11.71. 1,169,458 shares of the company's stock traded hands, compared to its average volume of 1,110,185. Constellium SE has a fifty-two week low of $10.49 and a fifty-two week high of $23.20. The business has a 50-day moving average price of $14.07 and a two-hundred day moving average price of $17.05. The company has a market capitalization of $1.69 billion, a P/E ratio of 15.82 and a beta of 1.65. 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 (NYSE:CSTM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts forecast that Constellium SE will post 0.71 EPS for the current fiscal 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.