ZWJ Investment Counsel Inc. Takes $192,000 Position in Constellium SE (NYSE:CSTM)

ZWJ Investment Counsel Inc. bought a new position in Constellium SE (NYSE:CSTM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,799 shares of the industrial products company’s stock, valued at approximately $192,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Constellium by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 219,641 shares of the industrial products company’s stock worth $4,384,000 after acquiring an additional 17,171 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Constellium during the 1st quarter worth approximately $272,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Constellium by 19.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after acquiring an additional 504,421 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Constellium by 464.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 124,067 shares of the industrial products company’s stock worth $2,743,000 after acquiring an additional 102,085 shares in the last quarter. Finally, Saxon Interests Inc. purchased a new stake in shares of Constellium during the 1st quarter worth approximately $206,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CSTM shares. JPMorgan Chase & Co. decreased their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, BMO Capital Markets decreased their price objective on Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Constellium currently has an average rating of “Buy” and an average target price of $23.80.

Constellium Stock Performance

NYSE:CSTM opened at $14.83 on Friday. The stock’s fifty day moving average is $15.98 and its 200 day moving average is $18.53. Constellium SE has a fifty-two week low of $14.12 and a fifty-two week high of $23.20. The firm has a market capitalization of $2.14 billion, a PE ratio of 16.48 and a beta of 1.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. Constellium’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts anticipate that Constellium SE will post 1.54 earnings per share for the current year.

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.