Vaughan Nelson Investment Management L.P. Buys 184,700 Shares of Constellium NV (CSTM)

Vaughan Nelson Investment Management L.P. raised its stake in Constellium NV (NYSE:CSTM) by 6.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,273,025 shares of the industrial products company’s stock after buying an additional 184,700 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 3.10% of Constellium worth $40,423,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CSTM. BlackRock Inc. lifted its stake in Constellium by 71.1% in the second quarter. BlackRock Inc. now owns 5,925,330 shares of the industrial products company’s stock valued at $61,031,000 after buying an additional 2,463,259 shares during the last quarter. BlueMountain Capital Management LLC lifted its stake in Constellium by 1,414.7% in the second quarter. BlueMountain Capital Management LLC now owns 1,264,865 shares of the industrial products company’s stock valued at $13,028,000 after buying an additional 1,181,358 shares during the last quarter. FMR LLC lifted its stake in Constellium by 181.5% in the second quarter. FMR LLC now owns 1,830,606 shares of the industrial products company’s stock valued at $18,855,000 after buying an additional 1,180,266 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Constellium by 15.5% in the third quarter. Janus Henderson Group PLC now owns 3,904,293 shares of the industrial products company’s stock valued at $48,218,000 after buying an additional 523,458 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Constellium by 69.5% in the second quarter. Bank of America Corp DE now owns 980,890 shares of the industrial products company’s stock valued at $10,103,000 after buying an additional 402,066 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

A number of equities research analysts recently weighed in on CSTM shares. Morgan Stanley lifted their price objective on shares of Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. ValuEngine cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Deutsche Bank set a $15.00 price objective on shares of Constellium and gave the company a “buy” rating in a research note on Tuesday, October 2nd. BMO Capital Markets lowered their target price on Constellium from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, October 26th. Finally, Societe Generale raised Constellium from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.25.

NYSE:CSTM opened at $7.57 on Monday. The stock has a market cap of $799.26 million, a P/E ratio of -23.66 and a beta of 1.33. Constellium NV has a 52-week low of $7.34 and a 52-week high of $14.10.

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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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