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

Principal Financial Group Inc. lifted its stake in shares of Constellium SE (NYSE:CSTM) by 35.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,395,607 shares of the industrial products company’s stock after purchasing an additional 364,423 shares during the quarter. Principal Financial Group Inc. owned about 0.97% of Constellium worth $22,693,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sei Investments Co. increased its holdings in Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock valued at $6,183,000 after buying an additional 176,158 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Constellium by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 156,055 shares of the industrial products company’s stock worth $3,450,000 after purchasing an additional 3,380 shares during the last quarter. ProShare Advisors LLC boosted its position in Constellium by 7.6% during the first quarter. ProShare Advisors LLC now owns 25,680 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 1,822 shares in the last quarter. Entropy Technologies LP purchased a new stake in Constellium during the first quarter worth $313,000. Finally, Vanguard Group Inc. grew its holdings in Constellium by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock valued at $34,490,000 after purchasing an additional 145,604 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Performance

Shares of NYSE CSTM opened at $11.68 on Thursday. The company has a 50-day simple moving average of $14.37 and a 200-day simple moving average of $17.25. 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 company has a market cap of $1.69 billion, a PE ratio of 15.78 and a beta of 1.65. Constellium SE has a 12 month low of $10.49 and a 12 month high of $23.20.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share 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 business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that Constellium SE will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

CSTM has been the subject of several research reports. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets cut their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.