29,264 Shares in Constellium SE $CSTM Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in Constellium SE (NYSE:CSTM) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 29,264 shares of the industrial products company’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTM. Farther Finance Advisors LLC boosted its stake in Constellium by 6,985.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,467 shares during the last quarter. Allworth Financial LP raised its position in shares of Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock valued at $39,000 after buying an additional 714 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after buying an additional 707 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Constellium by 34.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock worth $59,000 after buying an additional 803 shares in the last quarter. Finally, Quarry LP boosted its position in Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 3.1%

Shares of CSTM stock opened at $29.39 on Thursday. The company’s 50-day moving average price is $32.23 and its 200-day moving average price is $28.15. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 9.51 and a beta of 1.55. Constellium SE has a twelve month low of $13.04 and a twelve month high of $36.99.

Constellium (NYSE:CSTM) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.80. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the business earned $0.26 earnings per share. Constellium’s revenue was up 24.4% compared to the same quarter last year. As a group, equities analysts predict that Constellium SE will post 3.41 earnings per share for the current year.

Analysts Set New Price Targets

CSTM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 price objective on shares of Constellium in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Wells Fargo & Company lowered their target price on Constellium from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Zacks Research lowered Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, UBS Group cut their price target on Constellium from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.60.

Insider Buying and Selling

In other news, Director Michiel Brandjes sold 10,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $31.25, for a total transaction of $325,000.00. Following the completion of the sale, the director owned 41,600 shares in the company, valued at $1,300,000. This trade represents a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Philip Ryan Jurkovic sold 48,784 shares of Constellium stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $32.01, for a total transaction of $1,561,575.84. Following the sale, the senior vice president directly owned 172,149 shares in the company, valued at approximately $5,510,489.49. The trade was a 22.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 195,153 shares of company stock worth $6,369,312 over the last ninety days. 1.20% of the stock is currently owned by insiders.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.