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

Thrivent Financial for Lutherans bought a new position in shares of Constellium SE (NYSE:CSTM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 444,204 shares of the industrial products company’s stock, valued at approximately $7,223,000. Thrivent Financial for Lutherans owned approximately 0.31% of Constellium as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. lifted its position in 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 buying an additional 257,618 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Constellium by 10.3% during the 1st 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 during the period. Victory Capital Management Inc. raised its holdings in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock worth $13,387,000 after acquiring an additional 111,390 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Constellium in the first quarter valued at about $1,106,000. Finally, Point72 Asset Management L.P. acquired a new stake in Constellium during the second quarter worth about $3,567,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Stock Up 2.4 %

Shares of NYSE CSTM opened at $12.30 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average is $13.80 and its two-hundred day moving average is $16.92. Constellium SE has a 52-week low of $10.49 and a 52-week high of $23.20. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.61 and a beta of 1.65.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share (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 in the prior year, the firm posted $0.47 EPS. Constellium’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts predict that Constellium SE will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.