TD Waterhouse Canada Inc. Takes $5.58 Million Position in Constellium SE $CSTM

TD Waterhouse Canada Inc. acquired a new position in Constellium SE (NYSE:CSTM) during the second quarter, Holdings Channel reports. The institutional investor acquired 184,316 shares of the industrial products company’s stock, valued at approximately $5,582,000.

A number of other institutional investors have also made changes to their positions in CSTM. Ethic Inc. boosted its stake in Constellium by 1.6% during the 4th quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 456 shares during the period. Mackenzie Financial Corp grew its holdings in Constellium by 0.4% in the 4th quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 512 shares during the last quarter. Summit Global Investments increased its position in Constellium by 1.7% in the 1st quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after buying an additional 554 shares during the period. Moran Wealth Management LLC increased its position in Constellium by 6.7% in the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock worth $271,000 after buying an additional 692 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Constellium by 52.5% during the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after buying an additional 714 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Constellium from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wells Fargo & Company upped their target price on shares of Constellium from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of Constellium in a report on Thursday, July 30th. Finally, UBS Group decreased their price target on shares of Constellium from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Constellium Price Performance

Shares of NYSE:CSTM opened at $27.17 on Monday. The firm has a market capitalization of $3.68 billion, a PE ratio of 7.00 and a beta of 1.55. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. Constellium SE has a 1-year low of $13.60 and a 1-year high of $36.99. The business’s 50 day moving average is $28.63 and its 200-day moving average is $29.40.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.73 billion. Constellium had a return on equity of 51.66% and a net margin of 5.69%.Constellium’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Sell-side analysts predict that Constellium SE will post 3.7 earnings per share for the current year.

Insider Transactions at Constellium

In other Constellium news, Director Jean-Christophe Deslarzes acquired 1,490 shares of Constellium stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $27.24 per share, with a total value of $40,587.60. Following the acquisition, the director owned 43,515 shares of the company’s stock, valued at approximately $1,185,348.60. The trade was a 3.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company 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.