Raymond James & Associates Raises Position in Constellium NV (CSTM)

Raymond James & Associates boosted its position in shares of Constellium NV (NYSE:CSTM) by 23.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,302 shares of the industrial products company’s stock after acquiring an additional 13,534 shares during the period. Raymond James & Associates owned approximately 0.07% of Constellium worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in shares of Constellium by 7.2% during the first quarter. Wells Fargo & Company MN now owns 454,304 shares of the industrial products company’s stock valued at $4,929,000 after buying an additional 30,429 shares during the last quarter. Northern Trust Corp raised its position in shares of Constellium by 24.6% in the 1st quarter. Northern Trust Corp now owns 46,539 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 9,192 shares during the last quarter. BlackRock Inc. raised its position in shares of Constellium by 60.7% in the 1st quarter. BlackRock Inc. now owns 3,462,071 shares of the industrial products company’s stock valued at $37,564,000 after purchasing an additional 1,307,402 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of Constellium in the 1st quarter valued at approximately $111,000. Finally, Royal Bank of Canada raised its position in shares of Constellium by 359.2% in the 1st quarter. Royal Bank of Canada now owns 40,386 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 31,592 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Several brokerages recently commented on CSTM. ValuEngine lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Deutsche Bank set a $15.00 price objective on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Morgan Stanley increased their price objective on shares of Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Jefferies Financial Group set a $16.00 price objective on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, BMO Capital Markets increased their price objective on shares of Constellium from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 25th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Constellium presently has a consensus rating of “Buy” and a consensus target price of $16.29.

CSTM opened at $9.77 on Tuesday. Constellium NV has a 12-month low of $9.07 and a 12-month high of $14.10. The company has a quick ratio of 0.66, a current ratio of 1.23 and a debt-to-equity ratio of -7.55. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 87.73 and a beta of 0.94.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. Constellium had a negative net margin of 0.54% and a negative return on equity of 4.32%. Constellium’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. Analysts expect that Constellium NV will post 1.05 EPS for the current year.

Constellium Company Profile

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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