Swiss National Bank Invests $3.27 Million in Constellium SE $CSTM

Swiss National Bank bought a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 245,700 shares of the industrial products company's stock, valued at approximately $3,268,000. Swiss National Bank owned 0.18% of Constellium as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other large investors have also recently modified their holdings of the stock. XTX Topco Ltd bought a new position in Constellium in the first quarter worth about $230,000. US Bancorp DE grew its holdings in shares of Constellium by 1,034.7% during the 1st quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock worth $52,000 after acquiring an additional 4,708 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Constellium by 858.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 242,879 shares of the industrial products company's stock worth $2,451,000 after acquiring an additional 217,541 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Constellium by 3.7% in the 1st quarter. Invesco Ltd. now owns 137,150 shares of the industrial products company's stock valued at $1,384,000 after purchasing an additional 4,922 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Constellium during the first quarter valued at approximately $19,630,000. Institutional investors own 92.59% of the company's stock.

Constellium Stock Performance

CSTM stock opened at $18.17 on Friday. The stock's 50 day simple moving average is $15.83 and its 200 day simple moving average is $14.50. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. Constellium SE has a 12-month low of $7.32 and a 12-month high of $18.33. The stock has a market capitalization of $2.50 billion, a PE ratio of 23.00 and a beta of 1.55.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business earned $0.02 earnings per share. The company's revenue was up 20.2% on a year-over-year basis. As a group, research analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSTM has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Constellium from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Thursday, October 30th. Zacks Research raised shares of Constellium from a "strong sell" rating to a "hold" rating in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on Constellium from $17.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Constellium in a research report on Monday. Finally, Wall Street Zen upgraded Constellium from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.00.

Check Out Our Latest Research Report on Constellium

Constellium 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.

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