Highland Peak Capital LLC Buys 234,756 Shares of Constellium SE (NYSE:CSTM)

Highland Peak Capital LLC increased its stake in Constellium SE (NYSE:CSTM) by 14.1% in the 2nd quarter, Holdings Channel reports. The firm owned 1,902,378 shares of the industrial products company’s stock after purchasing an additional 234,756 shares during the period. Constellium accounts for approximately 12.5% of Highland Peak Capital LLC’s holdings, making the stock its biggest position. Highland Peak Capital LLC’s holdings in Constellium were worth $35,860,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Constellium by 21.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,231,960 shares of the industrial products company’s stock worth $24,590,000 after buying an additional 215,458 shares during the period. Norges Bank bought a new position in shares of Constellium during the 4th quarter worth about $18,845,000. Hohimer Wealth Management LLC increased its holdings in shares of Constellium by 2.4% during the 4th quarter. Hohimer Wealth Management LLC now owns 51,354 shares of the industrial products company’s stock worth $1,025,000 after purchasing an additional 1,203 shares during the period. Capstone Investment Advisors LLC bought a new stake in shares of Constellium in the fourth quarter valued at about $382,000. Finally, Beacon Investment Advisors LLC lifted its stake in shares of Constellium by 6.2% in the fourth quarter. Beacon Investment Advisors LLC now owns 266,698 shares of the industrial products company’s stock valued at $5,323,000 after buying an additional 15,600 shares during the period. Institutional investors own 92.59% of the company’s stock.

Constellium Stock Performance

NYSE:CSTM opened at $16.63 on Tuesday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 18.47 and a beta of 1.60. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. Constellium SE has a 1 year low of $14.12 and a 1 year high of $23.20. The firm has a 50 day moving average of $16.93 and a 200-day moving average of $19.30.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellium SE will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. BMO Capital Markets cut their target price on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.00.

Constellium Company 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.