New Century Financial Group LLC Takes Position in Constellium SE $CSTM

New Century Financial Group LLC acquired a new position in shares of Constellium SE (NYSE:CSTM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 68,442 shares of the industrial products company’s stock, valued at approximately $1,018,000. Constellium comprises approximately 1.8% of New Century Financial Group LLC’s portfolio, making the stock its 25th largest holding.

Several other large investors have also recently bought and sold shares of CSTM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Constellium by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock worth $1,038,000 after purchasing an additional 1,006 shares during the last quarter. Rockingstone Advisors LLC boosted its position in Constellium by 0.6% during the 3rd quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after buying an additional 1,285 shares during the period. SummerHaven Investment Management LLC grew its holdings in Constellium by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 1,659 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Constellium by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 1,848 shares during the period. Finally, Beacon Investment Advisors LLC lifted its holdings in shares of Constellium by 0.7% during the second quarter. Beacon Investment Advisors LLC now owns 339,271 shares of the industrial products company’s stock worth $4,533,000 after purchasing an additional 2,362 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Trading Up 1.6%

Shares of CSTM stock opened at $19.85 on Wednesday. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $20.15. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The stock has a 50 day simple moving average of $17.24 and a two-hundred day simple moving average of $15.48. The company has a market cap of $2.74 billion, a P/E ratio of 25.13 and a beta of 1.52.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Research analysts forecast that Constellium SE will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price target on Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research upgraded Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wells Fargo & Company upped their target price on Constellium from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Constellium currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Constellium Company Profile

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.